Buying private Twitter (now X Corp) stocks

Discussion in 'Stocks' started by Quanto, Mar 22, 2024.

  1. Quanto

    Quanto

    Last edited: Mar 22, 2024
  2. BMK

    BMK

    Yeah, good luck with that...

    Musk is a first-class scumbag who literally wants to control the world, and thinks he can do that because he has a lot of money. That's why he bought Twitter, and in case you haven't notied, he is slowly destroying the company. I wouldn't touch that garbage with a ten foot pole.

    Elon Musk is a not a person. It's a fucking cult.

    And Cathie Wood at ARK does not exactly have a stellar track record, either. LOL

    And it is worth noting that the article you cited from accessipos.com...

    does not have a date.

    None of the articles on that site have a date.

    That's a major red flag, Dude.

    The site is run buy one guy, Craig Stephens, who is "a former IT consultant turned full-time writer."

    The bare facts appear to be accurate. ARKVX, according to their website, does indeed hold a stake in X, so if you want indirect exposure to X, you can buy ARKVX.

    Just because you can doesn't mean you should. LOL
     
  3. VicBee

    VicBee

    Emotional, aren't we?
    I know of parallel businesses looking to buy shares of pre IPO companies. My understanding is the buyers are Chinese citizens looking to "diversify their portfolio", in other words, launder their renminbi for usd.
     
  4. Quanto

    Quanto

    The said site is specialized on Pre-IPOs.
    The About-info is an interesting read:
    https://accessipos.com/about/
    The recent Reddit IPO (RDDT) was intraday about +70% up on the 1st trading day, at close up about +45%. So it has paid big for the Reddit Pre-IPO stock owners.
     
    Last edited: Mar 23, 2024