Tag Archives: social capital

elon musk self immolation nft artwork

Elon Musk Plans Self-Immolation to Create NFT Artwork; Pre-Auction Bids of $5bil

From the Believe It or Nuts Department: Elon Musk, aka Technoking of Tesla and SpaceX boss, has tweeted that he will create an NFT Digital Video Artwork that showcases his self-immolation. Tesla CFO Zack Kirhorn, who just changed his corporate title to Master of Coin, will wrap the video with an NFT (non-fungible token) for Dogecoin (CRYPTO:DOGE).

Entrepreneur Mark Cuban tweeted that he is already weighing an opening bid of $5bil dogecoin to become the proud owner of Musk’s digital art. Not to be outdone, Social Capital founder Chamath Palihapitiya, aka The SPAC King, has already dismissed Cuban’s plan and has filed an S-1 for a $50bil Special Purpose Acquisition Company that will focus on rolling up NFT Art. A source at Palihapitiya’s Social Capital, who is not authorized to comment on securities filings, said “NFTART Acquisition Corp. will be the biggest SPAC biggest ever, and it will be the planet’s most valuable stock when you consider the underlying assets we will acquire, including the Musk self-immolation piece.”

Musk Says “We’re Burning Down The House”

According to sources, cryptocurrency exchange Crypto.com has pushed its plan to create an NFT marketplace for top artists and will launch Friday Mar 19 in order to be the primary auction platform for Elon Musk’s “greatest piece of work ever”.

Once an obscure part of blockchain technology, NFTs have boomed in recent months thanks to the embrace of almost all corners of the art, entertainment, and media worlds. 

In case you’ve been asleep for the past weeks, Wikipedia explains that non-fungible token (NFT) is a digital file whose unique identity and ownership are verified on a blockchain (a digital ledger).[1][2] NFTs are not mutually interchangeable (see fungibility). NFTs are commonly created by uploading files, such as digital artwork, to an auction market. This creates an entry on the blockchain’s digital ledger which includes a reference to the cryptographic hash of the digital file which the NFT represents. The tokens can then be bought with cryptocurrency and resold.

Pre-IPO Crypto Futures Options for the April 1 $60bil strike price for Social Capital’s SPAC are already trading at $10mil per contract.

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Trade along with the trades Larry is making.

Thomas Petterfy, founder and Chairman of online brokerage Interactive Brokers said, “If people want to trade it, we will list it, although margin requirements will be set at 500x the typical margin needed, just like we do for options in GME.” Interactive Brokers is also increasing its referral fee from $200 to $2,000 for customers who refer new accounts to the Professional’s Gateway to the World’s Markets.

If you are looking for a crazy but very true story from the crypto crime division, this exclusive coverage will really set your hair on fire!

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social-capital-latest-spac-SIDS-Acquisition-Stupid-Vaccine-Maker

Social Capital SPAC Machine Latest: $500m Blank Check Company to Roll-Up Makers of a Stupidity Vaccine!

Social Capital SPAC factory run by SPACmeister, notorious Tweeter and promoter of RedditArmy favorite stocks Chamath Palihapitiya is rumored to have filed a confidential S-1 for his latest Special Purpose Acquisition Company, (aka SPAC). The entity is to be called SIDS Acquisition Corp. According to sources, @chamath aims to focus on “biotech companies that are creating vaccines for those who suffer from acute stupidity”. The acronym is a play on Forrest Gump’s famous line: “Stupid Is as Stupid Does”

From the “believe it or is it nuts?” news department, Palihapitiya, who is also Chairman of Spaceshot SPAC VirginGalactic has assembled a board of biotech innovators, famous billionaires, notorious disruptors, and finance industry geniuses to identify and ferret out SPAC merger candidates. From the biotech world, Theranos co-founder Elizabeth Holmes will be in charge of due diligence, Mark Cuban and Elon Musk will oversee funding strategies, and CNBC host Jim Cramer will serve as the designated head of PR, Communications and “P&D”. Famous financier Max Bialystock is slated to be the CFO for the new blank check company.

social-capital-latest-spac-SIDS-Acquisition-Stupid-Vaccine-Maker
SIDS Acquisition Corp Executive Team

According to unconfirmed sources, SIDS Acquisition has already engaged online trading platform Robinhood to include this listing in a new “private share offering module for the masses” that will offer access to buying the SIDS SPAC on a pre-IPO basis. Elon Musk is said to be overseeing a pact with soon-to-IPO “Coinbase” so that bitcoin and dogecoin can be used by the RedditArmy and others to purchase pre-IPO futures contract in the latest Social Capital SPAC.

Noted Peter Thiel, one of the sharpest early-stage investors of this generation, is said to be getting his checkbook ready for this blank check company and plans on deploying $100 million. Said a spokesperson for Thiel, “If there was ever a moment in history when there should be a vaccine for stupidity, this would be it!”

MarketsMuse Editor Caveat Emptor: Yes, the above news story is fake news and intended only to parody the current cycle of craziness, stupidity, and speculation taking place across the US equities market. What is NOT FAKE NEWS IS THIS STORY, PROFILING INVESTOR FRAUD ARTISTS FROM A FAKE COMPANY THEY CALL “SEAQUAKE”