Elon Musk takes over Twitter

All of his wealth is on paper, in a very overvalued stock (Tesla), which has been losing a lot of its value (as the bubble deflates slowly, sorry I am a broken record). When he sells large amounts of stock (like what he had to do to raise money for Twitter and what he has had to do periodically to fund his lifestyle), it has the potential to drag the stock price down. The stock is up today -- everything is up -- on panic buying on Fed tea leave reading (they are going to pivot, buy buy buy buy buy!). But Tesla is down more than 55 percent since its peak. It's actually holding up relatively well compared to some other things that were trading at batshit valuations, which is telling me there is still room to the downside overall. In any case, he's just full of shit. He knows the effect his antics have on the stock. During the FOMO buying when the Fed was pumping liquidity into markets and turning them into a casino, he knew that one crypic tweet from him could send the stock soaring. He also knows now that him selling can hurt the price. So he keeps doing, "Hey, I sold stock. But that's it!" ... until it happens all over again. It's sad at this point.