Why Meme Stocks Investors Are Worried About Ken Griffin and Elon Musk

InvestorPlace2022-12-20

Billionaires Elon Musk and Ken Griffin, along with former Senior Advisor Jared Kushner, were spotted together at the 2022 FIFA World Cup.Griffin had previously committed capital to Elon Musk’s ...

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Universe宇宙
2022-12-20
Universe宇宙
Meme stocks are speculative assets, just like crypto. They have many many issues and some examples are: TerraUSD, Luna, FTX, Three Arrows Capital, Binance, etc. All of my friends who invested in crypto and meme stocks are making tons of losses. These are not assets, these are loss-making pump and dump schemes and investing in them are highly to result in undesirable consequences.
- Universe宇宙:
  [Like] [ShakeHands]
- Universe宇宙:
  [Like] [ShakeHands]
- Universe宇宙:
  [Like] [ShakeHands]
- Universe宇宙:
  [Like] [ShakeHands]
- SPGoh:
  Ok
Speedevil
2022-12-20
Speedevil
What a story !
YauDK
2022-12-20
YauDK
Ye

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Ultimately, Argentina emerged victorious. But savvy investors were focused on something else.Specifically, Tesla(NASDAQ: TSLA) CEO Elon Musk and Citadel CEO Ken Griffin were spotted together in a VIP section of the game. In addition, former Senior Advisor Jared Kushner was spotted with the Tesla CEO as well.Musk and Griffin appear to be friendly, as Griffin had previously committed less than $20 million to Musk’s takeover of Twitter. Furthermore, Griffin enlisted the help of law firm Quinn Emanuel in his battle against the Internal Revenue Service (IRS) earlier this month. Musk had previously hired the same law firm in his litigation with Twitter and continues to use the law firm to this day.Now, users on Reddit are speculating that the trio may be up to something. Let’s get into the details.Why Meme Stocks Investors Are Worried About Ken Griffin and Elon MuskAccording to a post by a Reddit user, Mayo Force One — Ken Griffin’s plane — touched down in a Washington, D.C. airport before the game. Per the user, the airport is typically reserved for “high level government persons.” That has led to speculation that Griffin may have touched down to meet with Kushner. There is also speculation that he may have been traveling with Kushner or former President Donald Trump.In addition to this, the Reddit user also notes that Musk and Kushner may have discussed a buyout of Twitter. There is a connection here, as Kushner’s father-in-law, Trump, founded competing social media platform Truth Social.After departing his government role, the user says Kushner founded private equity firm Affinity Partners, which “derives its investments from the Saudi governments sovereign wealth fund.” As a result, the user speculates that Griffin may be going to Kushner for help due to heavy losses from shorting meme stocks like GameStop(NYSE: GME). This is highly unlikely, however.As of the first quarter, Citadel had over $250 billion in assets under management(AUM). As of Oct. 31, its flagship fund is up an impressive 30.7% year-to-date (YTD). Citadel’s other funds have outperformed the S&P 500 as well. So, Griffin appears to be no where near needing help from anyone.In conclusion, this Reddit post appears to just be imaginative speculation.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9926893062,"gmtCreate":1671502131457,"gmtModify":1676538546883,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3585001294737518","idStr":"3585001294737518"},"htmlText":"Meme stocks are speculative assets, just like crypto. They have many many issues and some examples are: TerraUSD,&nbsp;Luna, FTX, Three Arrows Capital,&nbsp;Binance, etc. All of my friends who invested in crypto and meme stocks are making tons of losses. These are not assets, these are loss-making pump and dump schemes and investing in them are highly to result in undesirable consequences.","listText":"Meme stocks are speculative assets, just like crypto. They have many many issues and some examples are: TerraUSD,&nbsp;Luna, FTX, Three Arrows Capital,&nbsp;Binance, etc. All of my friends who invested in crypto and meme stocks are making tons of losses. These are not assets, these are loss-making pump and dump schemes and investing in them are highly to result in undesirable consequences.","text":"Meme stocks are speculative assets, just like crypto. They have many many issues and some examples are: TerraUSD, Luna, FTX, Three Arrows Capital, Binance, etc. All of my friends who invested in crypto and meme stocks are making tons of losses. These are not assets, these are loss-making pump and dump schemes and investing in them are highly to result in undesirable consequences.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":14,"commentSize":16,"repostSize":0,"link":"https://ttm.financial/post/9926893062","repostId":1186825336,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105269896,"gmtCreate":1671502377268,"gmtModify":1671502390197,"authorId":3585001294737518,"author":{"id":3585001294737518,"idStr":"3585001294737518","authorId":3585001294737518,"name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 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a story !&nbsp;","listText":"What a story !&nbsp;","text":"What a story 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