Live data from Hacker News

Elon Musk to join Twitter’s board of directors

sec.gov

231–240 of 1001 posts

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

#231
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.

This is like saying that you can’t be responsible for tax dodging because your accountant filed on your 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.

Almost all of securities law is “technicalities”, it still has the force of law.

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

#233
post #200

Earlier quoted context omitted.

A decent chunk of people in the previous thread were saying he’s doing it to kill the bot that tracks his plane’s movements. In general, he seems to be an active enough user that there’s concerns he will use his new power as a way to shield himself from the consequences of his activity.

By "shield himself from the consequences of his activity" I think Elon literally meant "I don't want to get shot by some crazy person following my movements". No perfect solution, but I can get his motivation.

Buying Twitter is hardly solving the problem.

The content creator can just move to Facebook/Instagram or /tiktok or wherever.

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

#234
post #150

Earlier quoted context omitted.

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 tha…

"On one hand you have the rockets, and cars, and all that. On the other hand you have his flippant, obnoxious attitude. Yeah, it's about even."

So absurd that anyone takes that argument seriously.

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

#235
post #206

Earlier quoted context omitted.

> Elon Musk is kind of obnoxious. He lies (or "exaggerates"). > If you hate Elon Musk, consider probing your mind deeply to figure out why. I'm not a hater, but I can understand why others are. Like you said, he's obnoxious. And he lies. Which should be enough justification by itself. But he's also really fucking rich, which is a teeth-grindingly annoying combination. I really admire what he's done for the Electric V…

Lots of celebrities are gigantic douchebags and no one cares. Why do people care with Elon? Why does he have a parade of haters not just criticizing his attitude but also claiming that his work isn't valuable? It's not because "they don't care about EVs or rockets," it's something deeper and uglier.

[deleted]

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

#236

Earlier quoted context omitted.

> When I last checked, there were zero articles. Can I introduce you to Matt Levine? A very popular opinion columnist - you can get his column by email even without a subscription to Bloomberg, but he’s one of the reasons I subscribe. His take on this was emailed out midday yesterday and I enjoyed every minute: https://www.bloomberg.com/opinion/articles/2022-04-04/elon-m... You can find an archive of columns here: ht…

I personally find this style of writing pretentious, obnoxious and egotistical.

[deleted]

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

#237

Earlier quoted context omitted.

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.

It’s worth pointing out that the SEC is extremely image conscious. They count on their reputation as the hammer of god himself to keep traders in line. Elon repeatedly snubbing them is going to tempt them to pull out all the stops.

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

#238
post #155
post #133

Earlier quoted context omitted.

Who owns the media and big tech now??? It's not poor people! At least Elon Musk is a very rich person who believes in free speech. Which is good for us poors. Twitter and the national discourse will be objectively better for working class voices as a result. Less so for the gatekeepers and media elite commentariat.

> At least Elon Musk is a very rich person who believes in free speech. Yes thats exactly why he was willing to shell out 50,000$ to a kid to remove his flight tracking bot. Stop licking his boot.

The kid asked for $50k, Elon said no, which is why the bot is still up. In any case, paying someone to shut up is no violating their free speech.

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

#239
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…

>I wouldn't want somebody like him on my board

You wouldn't want the CEO of two of the most innovative, most successful companies of all time on your board? Why?

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

#240
post #85

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

A decent chunk of people in the previous thread were saying he’s doing it to kill the bot that tracks his plane’s movements. In general, he seems to be an active enough user that there’s concerns he will use his new power as a way to shield himself from the consequences of his activity.

>A decent chunk of people in the previous thread were saying he’s doing it to kill the bot that tracks his plane’s movements

Those people are idiots though. The kid said he would turn off the bot for $50k. You think Elon bought 9% of Twitter to avoid paying $50k?

Post reply on HN