Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
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Re: Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
#2Using outside investment to buy back shares seems more than a little silly. Seems like acknowledging that the investor made a mistake, since you have no use for additional capital.
Re: Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
#3Hah! This is funny in all sorts of ways. Supposed "activist" investors settling for a quick ransom. Twitter paying the ransom by taking money from possibly worse people. Twitter paying $2 bn in ransom for Jack, the guy who is at best a half-time CEO, and who has presided over a mix of stagnation and deck-chair rearrangement. And of course the online panic that this was going to be a Trump-allied guy's way of dominating Twitter when it was just another cash grab.
In some ways, Jack is the perfect CEO for Twitter. Twitter is a network-effect business. People are on Twitter because people are on Twitter. The main thing to do with those is to not fuck them up. Jack's distraction, disengagement, and dithering are a perfect match for that. Every time something blows up into an actual PR problem, he promises to listen and think and do better, without every promising anything specific.
But for those of us who think Twitter could be something more, this is all just depressing. They could have spent $2 billion on something useful. Heck, they could have just given each active user $7. And they certainly could have got a CEO with vision and some managerial competence.
Re: Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
#4Using outside investment to buy back shares seems more than a little silly. Seems like acknowledging that the investor made a mistake, since you have no use for additional capital.
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Re: Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
#5Hah! This is funny in all sorts of ways. Supposed "activist" investors settling for a quick ransom. Twitter paying the ransom by taking money from possibly worse people. Twitter paying $2 bn in ransom for Jack , the guy who is at best a half-time CEO, and who has presided over a mix of stagnation and deck-chair rearrangement. And of course the online panic that this was going to be a Trump-allied guy's way of dominat…
So, is your contention that Twitter would be better if it changed faster, or worse?
Re: Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
#6Elliott gets a board seat as part of the deal. The people leading the charge to get rid of Jack Dorsey are more embedded on the inside now.
This looks like a Performance Improvement Plan (PIP) for Jack Dorsey. Maybe they're trying to steer him the desired direction. Or maybe they're just trying to gather enough evidence to really oust him in 12 months.
Re: Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
#7Hah! This is funny in all sorts of ways. Supposed "activist" investors settling for a quick ransom. Twitter paying the ransom by taking money from possibly worse people. Twitter paying $2 bn in ransom for Jack , the guy who is at best a half-time CEO, and who has presided over a mix of stagnation and deck-chair rearrangement. And of course the online panic that this was going to be a Trump-allied guy's way of dominat…
What would a bot do with $7?
Re: Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
#8Hah! This is funny in all sorts of ways. Supposed "activist" investors settling for a quick ransom. Twitter paying the ransom by taking money from possibly worse people. Twitter paying $2 bn in ransom for Jack , the guy who is at best a half-time CEO, and who has presided over a mix of stagnation and deck-chair rearrangement. And of course the online panic that this was going to be a Trump-allied guy's way of dominat…
What would a bot do with $7?
Buy some sentiment.
Re: Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
#9Hah! This is funny in all sorts of ways. Supposed "activist" investors settling for a quick ransom. Twitter paying the ransom by taking money from possibly worse people. Twitter paying $2 bn in ransom for Jack , the guy who is at best a half-time CEO, and who has presided over a mix of stagnation and deck-chair rearrangement. And of course the online panic that this was going to be a Trump-allied guy's way of dominat…
Is Jack too woke for you or not woke enough? Hard to make sense of your criticisms...what do you envision twitter should be?
Re: Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place
#10this deal together with share buybacks will buy Jack some time to get rid of his Twitter shares at good valuation and be prepared to leave Twitter job