I am beyond tired of billionaires, who get to treat companies, public sentiment, and politics, and thus a fair portion of government and policy, as their personal sandbox. Greed and oligarchy are ruining America.
Elon Musk to join Twitter’s board of directors
31–40 of 1001 posts
Re: Elon Musk to join Twitter’s board of directors
#32No post body was provided.
Re: Elon Musk to join Twitter’s board of directors
#33He's also agreed to never own more than 14%, so effectively agreeing only to be a voice, not a wrecking ball.
So typically 30% of a publicly traded corp is enough to be defacto owner.
That's just a going rule but I just checked. 80% of twitter is held by institutions. Only 2.5% is owned by insiders.
No dorsey to be seen here? No elliot management? https://www.forbes.com/sites/abrambrown/2020/02/29/twitters-...
Unless I'm missing something... Elon owns Twitter. This was a super easy hostile takeover... he doesn't need 14%
Elon probably doesnt want any sort of key position because afterall he's in constant fight over tesla and sec.
Re: Elon Musk to join Twitter’s board of directors
#34Earlier quoted context omitted.
This seems like a silly post on first reading, but actually thinking about it, that would mean the first amendment actually applies to Twitter right? In which case it would actually mean government can't interfere with it? It's an interesting mind exercise. What happens with blatant spamming, or bots, is the government allowed to interfere with those? Or does the 1st amendment block that too?
The government already owns a support foundation for publicly-owned broadcasters ( https://en.wikipedia.org/wiki/Corporation_for_Public_Broadca... ). Nothing about the 1st Amendment seems to prevent these broadcasters from restricting access to their airwaves. Anyone with a camera or mic can't just walk into a PBS studio and start transmitting whatever message they want. The Public Broadcasting Act of 1972 that creat…
But twitter isn't inherently limited by airtime or bandwidth, it's in principle infinite.
Re: Elon Musk to join Twitter’s board of directors
#35Elon Musk is this generations Steve Jobs. He has an enormous amount of influence with people 30 and under. His opinion of Apple will most likely sour when the Apple car comes out. If he really wanted, he probably could single-handedly bring Android closer to iOS in the US by changing his phone to Android and tweeting about it. I am not kidding. People worship Elon.
>If he really wanted, he probably could single-handedly bring Android closer to iOS in the US by changing his phone to Android and tweeting about it.
Not even Elon could save that dumpster fire. Android is so bad that even Google doesn't want to use it anymore (see: Fuchsia).
Re: Elon Musk to join Twitter’s board of directors
#36This story was two weeks ago: https://www.reuters.com/business/us-sec-says-teslas-musk-sho...
That story has nothing to do with this one. Did you even read the above story?
Re: Elon Musk to join Twitter’s board of directors
#37I think Twitter's CEO summed it up well, and I agree: > He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term. Welcome Elon! https://twitter.com/paraga/status/1511320964813910017
That sounds like a typical corporate butt kissing.
Re: Elon Musk to join Twitter’s board of directors
#38He filed forms that he was going to be a passive investor, and the same day joined the board after discussion that had been in the works for weeks. This is strike two on misleading investors. I haven't seen analysis on whether it was illegal, but I wouldn't want somebody like him on my board even if it succeeded in keeping him from buying up more stock. With him on the outside, maybe he causes more trouble than on th…
Shareholders like him on the board, and they would be even happier if he were running the company, because an Elon-run Twitter would be a lot more profitable.
Re: Elon Musk to join Twitter’s board of directors
#39Re: Elon Musk to join Twitter’s board of directors
#40He's also agreed to never own more than 14%, so effectively agreeing only to be a voice, not a wrecking ball.
It's Elon Musk, he can't help but being a wrecking ball. We're talking about the 'pedo guy' guy, after all.
Twitter will get more attention for sure, but possibly not the kind of attention they want. But apparently there's no such thing as bad publicity.
I think of of the interesting things to watch for is if he starts pressuring for the guy who tracks the movements of his private jet to have his account terminated.