this post was submitted on 16 Jul 2023
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I think a big part of it was that he announced he’s buy it for a ridiculously over-valued price and their stock surged as people bought in so they could get a slice of the pie.
If he didn’t follow through that would have been clear stock manipulation and, unlike dogecoin, there are more severe repercussions for that…
That's just an argument for not having billionaires who can do that sort of thing though. Especially fucking morons like Elon who've accomplished nothing of real note in his life beyond having money. Though sadly in America and much of the West that's all you need to have for people to worship you. We really are a bunch of sick monkeys.