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by hampowder 62 days ago
please elaborate
4 comments

There are ~7 born per minute. 95% of them are retail investors.

If you want actual reason, it's because he uses it as a money battery, i.e. funding xAI and SPACE DATA CENTERS.

Bagholders
Doesn't seem right as plenty of institutionals get cooked.

He claims loyalty with long-term holders who trust him (read:less nagging and more license). I suspect it's also more convenient for his IR team to avoid worthless meetings with super shareholders.

Please hold this bag for me.