“According to Musk, he calculated the $420 price per share based on a 20% premium over that day’s closing share price because he thought 20% was a ‘standard premium’ in going-private transaction,” the SEC alleged in its suit. “This calculation resulted in a price of $419, and Musk stated that he rounded the price up to $420 because he had recently learned about the number’s significance in marijuana culture and thought his girlfriend ‘would find it funny, which admittedly is not a great reason to pick a price.’”
I’m losing it
I clicked that link begging it to be parody but…. No…. It’s real…….
Azealia really is a chaotic entity. Her power???
SEC charges Tesla CEO Elon Musk with fraud
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