Retail investors are taking short sellers to the cleaners, and Elon Musk is loving it.
The chief executive of electric-vehicle maker Tesla Inc. has been sparring with Wall Street bears for years. This week, he has leveraged Twitter to help fuel the populist frenzy over GameStop Corp. and other companies to stick it to the short sellers once more. “Here come the shorty apologists. Give them no respect. Get Shorty,” Mr. Musk tweeted Thursday to his more than 40 million followers.
On Wednesday, GameStop shares opened more than doubled Wednesday after Mr. Musk tweeted “Gamestonk!!” the previous afternoon, linking to the popular Reddit forum WallStreetBets. Stonk is a play on the word “stock.” Mr. Musk has used Twitter to cultivate a devoted following of Tesla fans, benefiting from the kind of retail investor fandom that has propelled the stocks of GameStop and others such as AMC Entertainment Holdings Inc.
If you put it this way... I suddenly hope that Twitter will ban him on the ground of incite financial market violence
Go Elon !!! No more shorts !!!
“Populist” smh just read this
Ahh, you mean using them to forward his own agenda? Like Chamath? Yep.
This author comes off as a short seller apologist who has a personal vendetta against Elon Musk
Short selling should have been banned long time ago . While most hedge funds are legit and have ethical values. . In the market you have a lot of bad rotten 🍎
Coming from the man running the most overpriced company on the planet....what a surprise...
That is why he was retorted today by big bears.
Go DOGECOIN!
I applaud his Tweets exposing 'Hedge funds' that have using WS as there own private casino for decades...Every individual investor deserves access to the market equally...Hedges are just pissed that there getting beat at their own game..by the little guys...POWER TO THE PEOPLE
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elonmusk plz don’t do this wsj you have been source of trust and unbiased news for long or are you also revealing now who pays your bills? AOC PJ_Matlock Manpree31938145 chamath mcuban
Y’all know Musk likes to joke around, right!?
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Change is coming and we aren't sure what will happen but what I do know is that you need to keep yours inside at all times!! 🚀🚀🚀🚀🚀🚀 $gme $amc
The multiple boat owners, and shit art collecting hedge fund folks must be pretty pretty pissed off, remember don't go throwing any stones you your glass house(s).
Elon is right this time(in spite of his covid denying stint) that speculators should not be allowed to short a company to fail with leveraged assets for the stocks the hedge funds never had. It is job creators vs speculators!
Lol. elonmusk tweets something, and it's 'leveraged Twitter to help fuel the populist frenzy '
Geniooooooooooo!!!!!!!
Invest in dogecoin to piss of Elon.
$DOGE $AMC 🚀🚀🚀🚀🚀🚀🚀🚀🚀
$BBBY Bed Bath Beyond now has an 82% short % of the float!!! It increased from 67%. Company ANNOUNCED an accelerated $375 Million Stock Buyback before Feb 27th!! It's running until then!! 🚀🚀🚀🚀🚀🚀🚀
LETS GOOOO ELON