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 104 points 1 month ago

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

[–] wuffah@lemmy.world 95 points 1 month ago* (last edited 1 month 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 43 points 1 month ago

Coming from Mr. Market Manipulation lmao.

[–] mos@lemmy.world 34 points 1 month 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 17 points 1 month 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 1 month 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 21 points 1 month 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 1 month ago (1 children)

He's JP from Grandma's Boy.

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

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

[–] village604@adultswim.fan 1 points 1 month ago

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

[–] etherphon@piefed.world 2 points 1 month 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 1 month 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 8 points 1 month ago

A musk husk. Lol

[–] Almacca@aussie.zone 1 points 1 month 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 1 month 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 1 month ago

Musk is so poor.

The only thing he has is money.

[–] Honytawk@discuss.tchncs.de 15 points 1 month 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 1 month 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 1 month ago* (last edited 1 month 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 1 month ago

No one reads the articles.

[–] Honytawk@feddit.nl 1 points 1 month 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 1 month ago

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

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

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

[–] Almacca@aussie.zone 13 points 1 month ago

Maybe you should shut the fuck up then, Elon.

[–] teawrecks@sopuli.xyz 12 points 1 month 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."

[–] SaveTheTuaHawk@lemmy.ca 12 points 1 month ago

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

[–] phoenixz@lemmy.ca 11 points 1 month 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

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

"I paid 40 billion as a joke, bro"

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

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

[–] Fedizen@lemmy.world 1 points 3 weeks ago

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

[–] BiteSizedZeitGeist@lemmy.world 10 points 1 month 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 1 month ago (1 children)

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

[–] Gathorall@lemmy.world 2 points 1 month 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.

[–] Cocodapuf@lemmy.world 9 points 1 month 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 1 month ago

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

[–] santa@sh.itjust.works 7 points 1 month 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.

[–] DarkFuture@lemmy.world 7 points 1 month ago

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

[–] Draegur@lemmy.zip 6 points 1 month ago

The rich really want us to be illiterate.

[–] Lemminary@lemmy.world 5 points 1 month ago

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

[–] innkeeper@lemmy.world 3 points 1 month ago

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