Home Entertainment Succession’s Parallels Between Matsson and Elon Musk Develop Even Stronger

Succession’s Parallels Between Matsson and Elon Musk Develop Even Stronger



After some (offscreen) consuming, Ebba reveals that Matsson has been artificially inflating GoJo’s subscriber numbers in India. Which means GoJo’s excessive inventory worth is constructed on fraud and that worth will plummet when the reality comes out. Kendall and Roman are ecstatic since they now have a option to kill the deal — it is doable that Matsson cannot truly afford to pay the $192 per share acquisition of Waystar he provided. The inform that Matsson might be in actual bother comes when Kendall tells Frank (Peter Friedman) about this. Frank, in contrast to the Roy siblings, is a severe individual. So, if he acknowledges GoJo’s false numbers as an issue, then it’s one.

Musk has engaged on this type of inventory manipulation. On August 7, 2018, he tweeted, “Am contemplating taking Tesla personal at $420. Funding secured.” The funding was not, the truth is, secured, and Musk didn’t take Tesla personal. Nonetheless, the corporate’s inventory nonetheless went up as a result of traders did not wish to miss out on a possible payday.

Musk was in flip sued by the Securities and Exchanges Fee (SEC) with the cost of constructing false statements to inflate his firm’s inventory. He and Tesla had been in the end ordered to every pay a $20 million fantastic, and Musk needed to step down as firm chairman (he sidestepped this by remaining CEO). In 2023, Musk and Tesla had been discovered not liable in a civil swimsuit by traders lured in by the 2018 tweet, nevertheless.



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