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Elon Musk to join Twitter’s board of directors

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Re: Elon Musk to join Twitter’s board of directors

#211

Post by manquer »

akyu wrote: post #175
elicash wrote: post #13

He 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…

>He filed forms that he was going to be a passive investor No he didn't.

He filed 13g instead of 13d. Any activist investors who want to influence the course of the company get involved in proxy fights , change the board should not file 13g that is only for passive investment.

There was discussion yesterday whether him polling his followers last week about twitter and social media was activism. Joining the board certainly is.

Re: Elon Musk to join Twitter’s board of directors

#212

Post by SantalBlush »

fallingknife wrote: post #172
justapassenger wrote: post #120

Earlier quoted context omitted.

> This was almost certainly done by a lawyer working on his behalf. This strikes me as a technicality of paperwork that is being seized upon by the media as a way to portray Musk in the worst possible light. Elon openly attacks and disregards SEC. He doesn’t have any benefit of the doubt left, when it comes to activities that SEC is suppose to be regulating.

This is the USA. You are allowed to insult the government.

>You are allowed to insult the government.

That's entirely irrelevant. The point is that his past behavior shows a pattern of disregarding financial laws.

Re: Elon Musk to join Twitter’s board of directors

#213

Post by kgwgk »

next_xibalba wrote: post #91
elicash wrote: post #13

He 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…

> He filed forms that he was going to be a passive investor This was almost certainly done by a lawyer working on his behalf. This strikes me as a technicality of paperwork that is being seized upon by the media as a way to portray Musk in the worst possible light. > I wouldn't want somebody like him on my board In this hypothetical, what is your role (i.e. fellow shareholder, CEO, employee)? I ask because shareholde…

> This was almost certainly done by a lawyer working on his behalf.

That makes it worse, not less bad. It makes the good-faith-mistake defense untenable.

Re: Elon Musk to join Twitter’s board of directors

#214

Post by Kranar »

izzydata wrote: post #185
mostertoaster wrote: post #161

Earlier quoted context omitted.

I dont know about electric cars, but what Elon did with space x is simply incredible. Commercial space flights were becoming rarer and rarer out of the US, and now it is the most common. The price of space flight while still high, was reduced by a huge percentage. I’m sure he told many lies to get there. But economics and physics don’t really lie. I like him for the reasons I like Kanye, Bernie Sanders, and Trump (th…

What did Elon do exactly beyond take credit for the work of talented engineers?

Provide an environment where those talented engineers could accomplish something no other environment allowed them to. It's not like there aren't talented people at Boeing or Lockheed and it's not like those talented people just came out of thin air, it takes amazing leadership and a strong vision to bring talented people together to accomplish something that to this day no other rocket company is still capable of doing.

Re: Elon Musk to join Twitter’s board of directors

#215

Post by lolwowthere »

mostertoaster wrote: post #161
justapassenger wrote: post #42

Earlier quoted context omitted.

Misleading investors is one of Elon’s main jobs. And he’ll continue doing so, as we doesn’t face any consequences for it (expect for becoming ultra rich).

I dont know about electric cars, but what Elon did with space x is simply incredible. Commercial space flights were becoming rarer and rarer out of the US, and now it is the most common. The price of space flight while still high, was reduced by a huge percentage. I’m sure he told many lies to get there. But economics and physics don’t really lie. I like him for the reasons I like Kanye, Bernie Sanders, and Trump (th…

You wrote in Kanye West for president, thought enough other voters would join you to make doing so worth anything to you and your vote, and share that extremely poor adult judgment confidently and publicly? You like him because he says shit? I mean I say shit, too, would you vote for me even if my entire policy platform was incoherent and I stalk and abuse my exes and their new partners in public? You realize his entire presidential bid was for attention and his staff couldn’t even make the deadline to get him on the ballot, right?

With respect, this comment makes you sound like a contemptible, gullible fool that makes society actively worse. I really hope you’re being a bit facetious.

Re: Elon Musk to join Twitter’s board of directors

#216

Post by elicash »

colechristensen wrote: post #157
elicash wrote: post #118

Earlier quoted context omitted.

> This was almost certainly done by a lawyer working on his behalf. Are you arguing that when he signs his name and certifies that the (short) form is "true, complete and correct" that he is not responsible because the form was prepared by an attorney of his? > being seized upon by the media How did "the media" seize on this? When I last checked, there were zero articles. And even if they had, why wouldn't discussion…

Does it matter? Was there any consequence of filling out a form then doing something different? I have heard it several times already today, but so what a form was filled out wrong, is there any consequence to that that anybody would care about? (I doubt anybody complaining about it actually knows anything about how important it is, it’s just being latched on to because it’s a way to match events with preexisting opi…

Yes. He is currently in court claiming SEC is picking on him on another matter and this (and the fact that the filing was late) is likely going to hurt his case with the judge. And while I don't like speculating, since you're asking me to do so I'll add that it's entirely possible that any misrepresentations here get pursued on its own merits, as well.

Re: Elon Musk to join Twitter’s board of directors

#217

Post by jjulius »

slibhb wrote: post #150
justapassenger wrote: post #42

Earlier quoted context omitted.

Misleading investors is one of Elon’s main jobs. And he’ll continue doing so, as we doesn’t face any consequences for it (expect for becoming ultra rich).

Elon Musk is kind of obnoxious. He lies (or "exaggerates"). But what Tesla has done is insane. It's happened so quickly, and that's leaving aside the rockets. The hard evidence that we can build new things, that we can progress and build a future that's better than the present is so important. If it takes a flawed man to show us that, I'll take it. If you hate Elon Musk, consider probing your mind deeply to figure ou…

>If you hate Elon Musk, consider probing your mind deeply to figure out why.

So, I'm going to reply to your comment but really, this is relevant to most of this thread (and nearly every thread about him), because I'm just tired of these conversations.

Yes, by many measures, he has been incredibly successful at both running businesses and amassing wealth. There are a lot of metrics that you could cite that support that assertion.

At the same time, by many measures, you could successfully - and easily - argue that he's a pretty shitty person.

And guess what? Both are true. I don't know what my ultimate point here is besides saying that yeah - some people think he's awesome, some people think he's shitty, and neither view is technically incorrect. Move on.

Re: Elon Musk to join Twitter’s board of directors

#218

Post by fallingknife »

lbriner wrote: post #85

I have obviously missed something but what is the main objection to Musk being part of Twitter's board?

Two reasons.

- Haters who can't stand people more successful than them, and who is more successful than Elon Musk? So anything he does is terrible.

- Since Trump, HN mostly supports social media censorship of opposing political ideas, and Elon Musk has expressed that he doesn't like this censorship.

Re: Elon Musk to join Twitter’s board of directors

#219

Post by manquer »

paxys wrote: post #140
rednerrus wrote: post #89

I know it's not popular but I like the fact that he's annoyed and did something about it.

Doesn't hurt that him buying 10% of Twitter is equivalent to the average person buying a new computer.

4 billion is still a lot of money even for him.

Also liquid assets for investment are harder for people that rich so still likely a major decision.

Either he used proceeds from last year stock sales or he leveraged some Tesla stock for this .

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