this post was submitted on 05 Mar 2026
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Multi-billionaire technology tycoon Elon Musk told a jury in California on Wednesday that stock market investors read too much into his social media posts.

He was defending himself against claims from investors, who have accused him of trying to manipulate markets with a series of misleading messages in the run-up to his 2022 purchase of Twitter.

Musk said posts he wrote after he had struck a deal to buy the platform were "extremely literal" and not intended to try to reduce the price he would have to pay.

"I was simply speaking my mind," he said when asked if he had considered the impact of his posts, including one in which he declared his takeover plans on hold.

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[–] ImgurRefugee114@reddthat.com 110 points 2 weeks ago

How dare people read what I write and attribute motivations and intentions to my publically outspoken opinions and positions

[–] wuffah@lemmy.world 97 points 2 weeks ago* (last edited 2 weeks ago)

buys entire social media platform

directs developers to boost his posts

exclusively posts deliberately manipulating and inflammatory content

“Don’t read so much in to it!” 🤡

[–] Borger@lemmy.blahaj.zone 44 points 2 weeks ago

Coming from Mr. Market Manipulation lmao.

[–] mos@lemmy.world 36 points 2 weeks ago (1 children)

It’s odd how the article describes the richest person on the planet, who is almost worth a trillion dollars, as a multi billionaire.

Also what the fuck who needs a trillion dollars.

[–] MagicShel@lemmy.zip 18 points 2 weeks ago

I can't think of a reason anyone should be able to have even a billion dollars. Long before you get to that point, you are just playing numbers games to the detriment of everyone else participating in the economy.

How a wealth limit could ever be enacted practically is another matter, but I would support trying to solve it.

[–] notwhoyouthink@lemmy.zip 26 points 2 weeks ago

Oh wow.

Watch the claims of Autism come back (I believe he’s hinting at this by claiming he was being ‘extremely literal’), he’s tried the clownish ‘but gaiz, I was joking you shouldn’t take me so seriously’ bs we all remember from ‘edgelords’ online.

This is like tech bro’s prayer; it’s the Narcissist’s Prayer but with a ‘no one gets me’ smirk.

[–] melsaskca@lemmy.ca 24 points 2 weeks ago (2 children)

Musk tries so hard to be clever and debonair in his posts and usually comes off looking like a middle-school goof.

[–] village604@adultswim.fan 6 points 2 weeks ago (1 children)

He's JP from Grandma's Boy.

[–] Widdershins@lemmy.world 2 points 2 weeks ago (1 children)

He wishes people would compare him to JP. JP actually made things.

[–] village604@adultswim.fan 2 points 2 weeks ago

That's true. He's larping as JP.

[–] etherphon@piefed.world 2 points 2 weeks ago

That was my thought exactly, he's not a teenager, he shouldn't be like it's just a prank bro.. come on. What the fuck. Seriously?

[–] aeronmelon@lemmy.world 16 points 2 weeks ago (3 children)

So that’s why I haven’t seen any recent photos of him, he looks like a husk now.

[–] abbadon420@sh.itjust.works 10 points 2 weeks ago (1 children)
[–] NutWrench@lemmy.ml 3 points 2 weeks ago

An ELON husk!

[–] Almacca@aussie.zone 1 points 2 weeks ago

It's a comfort, however small, to know that despite his extreme wealth, he's utterly miserable, and physically deteriorating before our eyes.

[–] SaveTheTuaHawk@lemmy.ca 1 points 2 weeks ago (1 children)

Ketamine, botched penis, children who hate him, DOGE fail, SpaceX fail, Tesla cut in half, Epstein, 2025 was a busy year.

He might have paper wealth, but this is a person who is leading a miserable life now on rapid decline and we all know it will not end well for him.

[–] Honytawk@feddit.nl 1 points 2 weeks ago

Musk is so poor.

The only thing he has is money.

[–] Honytawk@discuss.tchncs.de 15 points 2 weeks ago (3 children)

Maybe he shouldn't have forced every single tweet of him to every account on his social media website then. Even the ones who actively blocked him still got his tweets.

[–] HubertManne@piefed.social 5 points 2 weeks ago (2 children)

isn't this about him buying the social media website. so like before he owned it?

[–] I_Has_A_Hat@lemmy.world 2 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

It is. People are dumb though and don't read beyond the headline to be aware of whats actually going on.

[–] SaveTheTuaHawk@lemmy.ca 1 points 2 weeks ago

No one reads the articles.

[–] Honytawk@feddit.nl 1 points 2 weeks ago

Why are people posting year old articles then? That happened like 3 years ago.

Sorry for looking at it through a up-to-date point of view.

[–] Paddzr@lemmy.world 4 points 2 weeks ago

At a point where you're still on Twitter... You have some sort of punishment kink.

[–] SaveTheTuaHawk@lemmy.ca 2 points 2 weeks ago

And he rails on about white supremacy over 80 times in some months.

[–] Almacca@aussie.zone 13 points 2 weeks ago

Maybe you should shut the fuck up then, Elon.

[–] NutWrench@lemmy.ml 13 points 2 weeks ago

Multi-billionaire technology tycoon Elon Musk told a jury in California on Wednesday that stock market investors read too much into his social media posts.

That's because investors expect to take you seriously when you're handling their MONEY. If you're going act like an illiterate douche-canoe, like Poochie from "The Simpsons" then expect investors to be concerned.

[–] teawrecks@sopuli.xyz 12 points 2 weeks ago

"Officer, you're reading too much to the speed I was going. It wasn't even on my mind, I was simply pushing the gas pedal."

[–] BiteSizedZeitGeist@lemmy.world 11 points 2 weeks ago (1 children)

People like him disavow how much influence he has, willfully or not. Musk is the worst at it. He doesn't realize, or refuses to realize, how much his edgy tweets mean.

They wall want power but not the responsibility that comes with it.

[–] IronBird@lemmy.world 7 points 2 weeks ago (1 children)

he 100% knows what he's doing, he just doesn't believe words have meaning

[–] Gathorall@lemmy.world 2 points 2 weeks ago

Or that they bring responsibility.

https://www.bbc.com/news/world-us-canada-50695593

And he has been right so far, rich people actually seem to have an absolute freedom of speech.

[–] Fedizen@lemmy.world 11 points 2 weeks ago (1 children)

"I paid 40 billion as a joke, bro"

[–] Almacca@aussie.zone 1 points 2 weeks ago (1 children)

44 billion. 4 billion dollars is not a rounding error.

[–] Fedizen@lemmy.world 1 points 1 week ago

I think realistically he paid less than 40 billion since the saudis and others helped fund the buyout.

[–] Cocodapuf@lemmy.world 11 points 2 weeks ago (1 children)

Maybe if the shit you say doesn't really matter, don't post it publicly to the world.

Not a great argument.

[–] tacosanonymous@mander.xyz 5 points 2 weeks ago

He has the nuance of the racist uncle you loathe seeing at Thanksgiving.

[–] phoenixz@lemmy.ca 11 points 2 weeks ago

You're reading too much into my nazi salutes!

You're reading too much into all the promises I made to investors and clients which I then dropped

You're reading too much into what I'm saying because every single word coming out of my mouth is a lie

[–] SaveTheTuaHawk@lemmy.ca 11 points 2 weeks ago

ahhh...he pulled a Fox-Carlson and Twitter is just entertainment.

[–] DarkFuture@lemmy.world 7 points 2 weeks ago

His posts are short and stupid. There's not much to read into.

[–] santa@sh.itjust.works 7 points 2 weeks ago

Surprised a motion wasn’t filed to have the case tried on Mars, ya know…where it would be a jury of his peers — Aliens that wouldn’t be prejudiced towards him (we think…?).

He would provide travel, but needs to get back to work on the flying thing.

[–] Draegur@lemmy.zip 6 points 2 weeks ago

The rich really want us to be illiterate.

[–] Lemminary@lemmy.world 5 points 2 weeks ago

He's right, though. Every time I read his tweets, all I see is "stupid nazi".

[–] collapse_already@lemmy.ml 4 points 2 weeks ago

I wonder if the opposition has tried to sneak a picture of him doing a literal Nazi salute into their case. Relevance would be his lack of character.

[–] innkeeper@lemmy.world 3 points 2 weeks ago

So maybe you should ....I don't know.... pay media more to manipulate us in right direction