[flagged]
Why do you hope he loses money?
Jack Dorsey Needs to Step Down
21–30 of 119 posts
Re: Jack Dorsey Needs to Step Down
#22Earlier quoted context omitted.
It’s an activist position. The thesis is the company becomes more valuable if he succeeds in removing or sidelining Dorsey.
Chances of that happening are approximately nil, in my estimation. Though I suppose he doesn't lose much by trying.
> Chances of that happening are approximately nil, in my estimation
The author has put money behind their estimation. Given Twitter's performance and Galloway's mouthpiece, I wouldn't put organizing its shareholders beyond the realm of plausibility. (Or the Board compromising to take a thorn out of their side.)
The battle is really getting the question of a part-time CEO on the agenda, which requires replacing a few Board members. Given how unusual Twitter's Board dynamics are, there's a good chance proxy advisers would recommend voting for reforms.
Re: Jack Dorsey Needs to Step Down
#23It's people like this money minded share holder that makes the world a really shitty place these days.
Jack Dorsey is an honorable, earnest man imo that wants to do the right thing overall. He has all my confidence.
Re: Jack Dorsey Needs to Step Down
#24$10M position in what is essentially the leaking sewer of the Internet? I thought he was smarter than that.
One of the many sewers, where hundreds of millions of people enjoy swimming. Imagine if you could clean it up. What would that be worth?
That's Galloway's position.
Re: Jack Dorsey Needs to Step Down
#25>> As of 12/6 I am the direct and beneficial owner of approximately 334,000 shares in Twitter. Well, that's your problem.
Yeah there's an obvious solution...
Re: Jack Dorsey Needs to Step Down
#26>> As of 12/6 I am the direct and beneficial owner of approximately 334,000 shares in Twitter. Well, that's your problem.
> Well, that's your problem
It looks like an activist position. The shares were acquired with the view of making them more valuable through direct action. This is a validated hedge fund strategy.
Re: Jack Dorsey Needs to Step Down
#27I like listening to Scott Galloway but I think his perspectives on this issue are biased. He regularly advocates for progressive positions and is, for example, an outspoken fan of Elizabeth Warren. The bits about Twitter's financial performance are fair grounds for critique but the unfocused parts of this rant (for example asking Twitter to "protect journalists, especially women") seem nonsensical/alarmist in order to drum up support.
What Galloway is ultimately looking for here is for some views to be allowed and others disallowed. I do not think that is okay on a platform that is as big and pervasive as Twitter (or Facebook). They are, for all intents and purposes, a public digital square. And figuring out what is a "conspiracy" or "junk science" should ultimately be left to the reader, with algorithms otherwise ranking content as neutrally/objectively as possible. After all, we trust Twitter users with the ability to vote.
Re: Jack Dorsey Needs to Step Down
#28Twitter hiring Anthony Noto was one of the worst. They need to replace the board which essentially means someone needs to acquire them in order to unlock the potentials.
Problem is that nobody wants them. Two or three years ago there was regular talk about Twitter selling the company, but every potential buyer (e.g. Google) said no in the end. Twitter is just not a very good business, but it does attract a lot of scrutiny due to its size and impact. It has pretty much all the risks of Facebook with none of the cash flow.
Re: Jack Dorsey Needs to Step Down
#29Whatever happened to Red Envelope? I used to read that name a lot and then it just kind of vanished.
Re: Jack Dorsey Needs to Step Down
#30Twitter hiring Anthony Noto was one of the worst. They need to replace the board which essentially means someone needs to acquire them in order to unlock the potentials.
Twitter is about to ban more kinds of content. https://gizmodo.com/twitters-nsfw-purge-looms-1840243559 I wonder if they're trying to make themselves more palatable for buyers.