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I resigned from Twitter

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Re: I resigned from Twitter

#51

Post by Invictus0 »

afavour wrote: post #7

I have no particular beef with Dorsey but I think this would make sense. He's been CEO of both Square and Twitter for years now and no matter what time you wake up in the morning or however many specials diets you undertake you're not going to be able to give the focus a solo CEO is. I think the bigger issue is who gets to replace him: will it be someone with smart ideas or someone to serve as a puppet of activist in…

> https://www.newyorker.com/magazine/2018/08/27/paul-singer-do...

Stunning article. Everyone has a bit of dirt on them I suppose, and it's more important than ever to safeguard one's privacy.

Re: I resigned from Twitter

#52

Post by Cthulhu_ »

PragmaticPulp wrote: post #31
afavour wrote: post #7

I have no particular beef with Dorsey but I think this would make sense. He's been CEO of both Square and Twitter for years now and no matter what time you wake up in the morning or however many specials diets you undertake you're not going to be able to give the focus a solo CEO is. I think the bigger issue is who gets to replace him: will it be someone with smart ideas or someone to serve as a puppet of activist in…

> you're not going to be able to give the focus a solo CEO is. I agree. As much as he tried to justify the dual CEO roles, it never made any sense. It was also maddening to watch him shift to a 3rd focus of promoting cryptocurrency and his own cryptocurrency investments. Hanging on to the CEO role of both Twitter and Square put him in a great position to push both companies toward more cryptocurrency integration, but…

> it never felt like it was being done for the benefit of the users of each platform.

Cynically, I'm yet to see any crypto that benefits anyone but the people that invented it (they benefit the most) and the savvy traders trying to make a buck (and sometimes succeeding at the expense of others).

Re: I resigned from Twitter

#53

Post by Rastonbury »

koheripbal wrote: post #43
mathattack wrote: post #11

The stock popped 10%. Is this a vote of confidence against him or for whoever has been waiting in the wings? There has been enough agitation against him by the activists that this can’t be a surprise.

Twitter is extremely toxic and divisive, and Dorsey is... the same. People are hoping his removal will allow the platform to mature.

Sorry but cynically toxic and divisive algos drives more attention thus more ad revenue (see FB), it's not going to get better with a more investor friendly CEO

Re: I resigned from Twitter

#54

Post by xiphias2 »

samwillis wrote: post #38
ryzvonusef wrote: post #28

> you're not going to be able to give the focus a solo CEO is How the fuck does Elon do it then? The mf has like four concurrent organizations under his helm. > I think the bigger issue is who gets to replace him: will it be someone with smart ideas or someone to serve as a puppet of activist investors? The rising stock price implies yes. Elliot MG has been desperate to make twitter the next mega app. Expect payment…

Only one of Elon's companies is public and there are regular calls for him to be removed, but its stock price has been on a trajectory that makes that impossible without him "canceling himself". Elon is just very good at hiring exceptionally good people to run stuff for him with a small amount of oversight and steering. Jack is CEO of two public companies and one is arguably underperforming, that's an untenable situa…

Twitter is 3x in 5 years, while S&P 500 is 2x in 5 years...It's not awesome, but I wouldn't call it underperforming...it's the same growth as Facebook.

Elon was kept only because he didn't give away founder control. At the end outside MBAs always try to take over and destroy the companies.

Re: I resigned from Twitter

#56

Post by kgermino »

notyourwork wrote: post #44
tricky wrote: post #22

What kind of board allows an announcement like this to happen in such an uncontrolled way? I feel like this is just more evidence that Twitter's board is weak.

How would you like it to happen? Twitter schedules a formal press conference to announce it or otherwise?

Form 8-K filed with the SEC concurrently with a Press Release and interviews announcing his successor and explaining why this will be a "good thing."

The 8-K is functionally a legal requirement for this and the rest is just making sure you control the message to reduce speculation which can hurt you.

Re: I resigned from Twitter

#57

Post by Cthulhu_ »

zaat wrote: post #48
samwillis wrote: post #38

Earlier quoted context omitted.

Only one of Elon's companies is public and there are regular calls for him to be removed, but its stock price has been on a trajectory that makes that impossible without him "canceling himself". Elon is just very good at hiring exceptionally good people to run stuff for him with a small amount of oversight and steering. Jack is CEO of two public companies and one is arguably underperforming, that's an untenable situa…

> Elon is just very good at hiring exceptionally good people to run stuff for him with a small amount of oversight and steering Isn't this the major part of the definition of excellent manager?

Exactly. If your responsibilities are limited to calling some shots and coming up with some wild ideas here and there, and having the money to make it happen, you don't need to focus on things as much.

Anyway the guy's a wreck and wrecking ball, I wouldn't be surprised if he disappears or takes a step back for a while soonish. Tesla's stonks will crash, etc.

Re: I resigned from Twitter

#58

Post by ryzvonusef »

notyourwork wrote: post #44
tricky wrote: post #22

What kind of board allows an announcement like this to happen in such an uncontrolled way? I feel like this is just more evidence that Twitter's board is weak.

How would you like it to happen? Twitter schedules a formal press conference to announce it or otherwise?

YES!

You don't leak it to a reporter like it's the latest variant of the iPhone.

There should have an announcement from the board, a LONG time before markets were to start (ideally end of markets on friday) clearly explaining WHAT is happening and WHY (even if it's a bullshit reason, there should be a reason).

It would have allowed markets to absorb the news instead of the NYSE having to halt trading amid the uncertainty.

Re: I resigned from Twitter

#59

Post by ryzvonusef »

kranke155 wrote: post #47
ryzvonusef wrote: post #28

> you're not going to be able to give the focus a solo CEO is How the fuck does Elon do it then? The mf has like four concurrent organizations under his helm. > I think the bigger issue is who gets to replace him: will it be someone with smart ideas or someone to serve as a puppet of activist investors? The rising stock price implies yes. Elliot MG has been desperate to make twitter the next mega app. Expect payment…

Elon is not CEO of SpaceX as many here have already pointed out. edit this is wrong, he is CEO. Ms. Shotwell is COO and President. Outside of Tesla the other companies are not viable yet.

> Elon is not CEO of SpaceX

Elon is most definitely the CEO of SpaceX (and Chief Engineer, for whatever that's worth)

if you are thinking of Ms. Shotwell (what an appropriate name for a rocket scientist!) She's the COO.

Re: I resigned from Twitter

#60

Post by V__ »

mulcahey wrote: post #39
V__ wrote: post #36

Earlier quoted context omitted.

> How the fuck does Elon do it then? The mf has like four concurrent organizations under his helm. There is SpaceX (mostly run by Gwynne Shotwell) and Tesla. DeepMind/Boring Company are mostly just marketing schemes.

He has nothing to do with DeepMind. Maybe you're thinking of Neuralink? I wouldn't demote them to "marketing schemes" -- he actually wants to bring these technologies to market (unlike Hyperloop) -- but they're pretty slow burn / almost hobby projects compared to SpaceX & Tesla. Both have started posting job reqs for Austin.

You're right it's Neuralink. Oh, I kinda believe he wants to make it work but it will be overpromised and underdelivered as always.
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