Guess he changed his mind. Musk steps down as chairman (but will stay on as CEO) and pays a $20 million fine. Tesla pays another $20m and will appoint two new independent directors. Board committee will also be formed to oversee his communications.
Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast. [Reply]
Originally Posted by Buehler445:
Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
To be fair, he's worth about $20B. For someone making $50k per year, this would be like a $50 fine for him and a $50 fine for the company. [Reply]
Originally Posted by DaFace:
To be fair, he's worth about $20B. For someone making $50k per year, this would be like a $50 fine for him and a $50 fine for the company.
No, that math only works if someone has a $50K net worth.
Your point is taken. But I’m sure it’s still a shit check to write because you’re too undisciplined to operate Twitter. [Reply]
Originally Posted by Buehler445:
Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
It's going to cost him way more than that.. this is just the government. Damaged investors and their vampire like lawyers will be on this for years.
He's not that liquid wealthy, Daface. He's fairly levered into his Tesla ownership by all accounts. Dunno, what 20 million does but there is a reason he's far more worried about short sellers than most execs. He could be margin called if Tesla drops to the low 200s from what I've read. If I were an investor I'd think it was pretty neat an executive was willing to risk so much. Dudes all in to some extent [Reply]
Originally Posted by :
But in the race for returns in the past year, passively managed funds won again: Just 36% of actively managed U.S. stock funds outperformed index mutual funds and exchange-traded funds in the year ended June 30, according to data compiled by research firm Morningstar Inc. That is down from the 43% that did so in 2017.
That's some pretty big sector rotation out of financials last week. Banks got a rate increase and it sounds like they'll get another one in Dec. barring the world falling apart. Might be some bargains
also, it's covered up in this screenshot but GE down another 7+%. That thing seems to have no bottom. The stock price has fallen so much I think the dividend yield is about back to where it was before they cut it. 4 and a quarter [Reply]
Sometimes when I go to check the stock market performance for the day, I have an idle dream that I'll log on to discover that the market is up 75,000 points and I'm suddenly rich. Like, someone invented faster than light travel or something and the market is reacting. Does anyone else ever have those thoughts when you're about to check? [Reply]
I don't really do individual stocks as a general rule, but I threw $100 at HMNY (MoviePass) a few weeks back as a lottery ticket. Jumped 175% today, so that's fun. :-) [Reply]
Originally Posted by Rain Man:
Sometimes when I go to check the stock market performance for the day, I have an idle dream that I'll log on to discover that the market is up 75,000 points and I'm suddenly rich. Like, someone invented faster than light travel or something and the market is reacting. Does anyone else ever have those thoughts when you're about to check?
Time Travel. Travel back and buy some Amazon an then travel ahead and collect. [Reply]
