Skip to content

We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies.

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

TRENDS IN TECHNOCRACY by Joe Doran

ELON MUSK: TECH OUTSIDER?

February 9, 2021February 9, 2021

Along with David Portnoy of Barstool Sports, Elon Musk was one of the few prominent figures who signaled support for the Reddit WallStreetBets traders. Portnoy ended up abandoning his stake in GameStop and posted his capitulation on Twitter. Portnoy, on a segment with Tucker Carlson on FOX News, had earlier called for those who shut down traders to be jailed, pointing out it was blatant “market manipulation.”
Musk’s support for the Reddit outsiders, meanwhile, has centered on crypto. After he tweeted “Doge” on 4 February, Dogecoin gained more than 50 percent. The man behind Tesla later tweeted “Dogecoin is the people’s crypto.” News outlets noted that Musk’s tweets over the last two weeks about different companies and cryptocurrencies have contributed to moving the markets. With Ethereum futures launching on the Chicago Mercantile Exchange, and other cryptos like Bitcoin making huge recent gains, digital currencies are quickly becoming more popular with average investors.

Comments are closed.

en en