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Sources:
https://docs.google.com/doc/d/1odxBajqablc0AazO_tUdPKkXkfvjviTsy-HzrpMuVVw/edit?usp=sharing
Script:
The fanboys are in all places. Hell, we’ve even made movies about him on our channel. His private PR is superb. Someway, regardless of being essentially the most rich individual on this planet, he nonetheless manufacturers himself as being relatable, somebody that we may sit down and have a beer with, somebody to belief.
However lately, I’ve begun feeling a bit of otherwise about him. Rich individuals have a accountability to come back by their fortunes truthfully, and a few of Elon’s latest actions make me query his motivations. It looks like he says and does issues for his personal private acquire.
On this video, we’re going to focus on a number of the instances Elon has willfully manipulated monetary markets for his personal (or his firm’s) acquire.
So let’s dive in.
First off, let’s outline market manipulation for a second, simply to set the stage for what we’re about to speak about. Manipulation is particularly the act of inflating or deflating the value of a safety for private acquire.
It’s often pretty difficult to govern the market as there are such a lot of gamers within the sport that one actor’s efforts are often not sufficient to shift the tide. Nonetheless, in Musk’s case, he has a worldwide viewers and sufficient cash to really trigger main shifts out there if he had been to make strikes. We’re going to debate primarily how Musk has used his affect and made public statements which have shifted the tides of the securities.
Timestamps:
01:29 – Intro
06:00 – Tesla Going Non-public
08:03 – GameStop
10:14 – DogeCoin
12:36 – Bitcoin
13:38 – Conclusion
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