According to the newest reports, Musk's offer is approved, and Twitter will be his personal social media site. The accolades are many, as well as the gnashing of teeth by detractors. Realistically, Musk has an electronic business, which is as secure as a wisp of smoke. That, and with modern technology, may be a facade without only enough structure to keep appearances.
Will stocks rebound? Sure, since those that play the stock market are in panic on what to do with their money. Will the stocks stay good? Maybe, but counting on something so whimsical for security is foolish.
But for Elon, it's really just a drop in the bucket. Kinda hilarious, really, but Twitter is a BIG microphone.
ReplyDeleteStock market, though, is toast in the next few years.
It's a public forum for him to control his narrative. That can be good, or bad.
DeleteThe stock market is looking terrible for investors. When certificate of deposits wouldn't pay much in interest, many moved to the market for supplemental income. It worked for awhile, but with stocks plunging, and 401K's tied to the stock market, the investments are losing trillions in value. That can't be recovered, unless the investor has enough time left in their life to wait for a recovery....which will probably not happen in that time period.