As soon as Elon Musk told he would try to bid for Twitter, the share bumped to ~$50 for no reason than Elon Musk himself (even before the deal was anounced), and after cooling off for a bit, now it got hit with he hinted that lower price negotiation is possible. So investors who trusted and followed him got hit big time. I believe Twitter price will go down even more this week.
On the other hand, since he was selling off his stake in Tesla to fund the Twitter deal, the share got hit from around $1100 to $900,continued to go down till today's $724.
So with 2 obvious cases above, do you think its time to stop following Elon Musk? Is there any chance that he is manipulating stuffs? Im not saying to stay away from him, but the hype whenever he does something is too risky now.
And, there is lawsuits and complains agaisnt him for being reckless and violate the information disclosures.
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