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by Forlien 1439 days ago
Not the OP, but when an investor acquires more than 5% of a stock, they have a limited time to disclose it. Elon disclosed his Twitter stock acquisition too late (20 days after instead of 10) and using the wrong form (Schedule 13G instead of Schedule 13D), painting him as a passive investor rather than an activist.

https://www.bloomberg.com/opinion/articles/2022-04-06/elon-m... talks about it.
2 comments
0xy 1439 days ago
Isn't it pure speculation on your part that he had non-passive intentions at the time he acquired the shares? The barrier to prove intent is high, and speculation doesn't cut it.

It's valid to buy as a passive investor and then turn into an activist or an interested party, even a short time later.

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ImPostingOnHN 1433 days ago
given that elon is not the type of person who can avoid loudly announcing his intentions, he did not, and had previously frequently announced ideas to change Twitter, on Twitter itself

I imagine his lawyers hate him almost as much as a certain other famous narcissist's lawyers hate that person

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swyx 1438 days ago
well, sure he played fast and loose on the forms but then there would be a lot of "illegal" tax filers and thats not the commonly understood meaning of "illegal".
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