491–500 of 1001 posts
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Who do you think owned the Twitter shares before Elon bought them? The dispossessed working classes?
Can you explain what your point is?
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Elon is his one of his new bosses, I would take anything the CEO says with a grain of salt.
I give his tenure as CEO 6 months at most before he's forced out by the board, or resigns for ideological differences. The changing wind that Elon is going to usher in is going to be fundamental and sweeping, and I wouldn't be surprised to see an exodus of employees follow.
This is the second line in the linked filing, and something a number of people have not read.
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Quite a wrecking ball creating Tesla and SpaceX. Lots of destruction there. /s
he didn't create Tesla. Maybe you were thinking of the Boring Company?
Ok, a few guys had a buissness plan and then used Musk money to totally run the buissness into the ground.
Tesla without Musk is just another footnote in the histoy of EV.
Is there a law akin to Godwin's or Sturgeon's about all social media trending toward some failure state? Several years ago I deleted all my FB content and then disabled my account. Looks like it's time to do that with my Twitter account now.
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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 .
Can we stop with this fiction. Billionaires can easily liquidate their equity assets and do so regularly.
Twitter trading volumes are not so high that anyone can just come in make a 4 billion buy order .
Acquiring 10% stock of any public company without upsetting the price to much takes time and effort [1]
It is not some whimsical impluse buy, no matter how much money he has , this was calculated buy he must have considered for a while.
Jack Dorsey stepping down probably helped him to decide to make a move, a hostile founder CEO can make it ugly. Especially somebody like Jack who has another very high value startup and doesn't derive his wealth from just Twitter can make it expensive and ugly if he choose to.
[1]- unless someone is selling you a block trade outside of the market. No institutional investors have left or reduced their stake that much in the last quarter so Elon couldn't have used this route
Is there a law akin to Godwin's or Sturgeon's about all social media trending toward some failure state? Several years ago I deleted all my FB content and then disabled my account. Looks like it's time to do that with my Twitter account now.
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Parag was extremely lucky to have been appointed CEO despite his lack of qualifications. He's only ever worked at Twitter and was appointed CTO before ever holding a management position. He's not going anywhere because he won't get as lucrative of a gig anywhere else.
This type of career progression interests me. What type of internal politics did Parag have to maneuver to be appointed to these high profile roles? As someone with C-level career aspirations, it makes me wonder if I'm not cut out for the politics. I'm not Machiavellian. Can people make it to C-suite via merit alone?
How to maneuver into this position? Maybe you could get hired to an important role at an organization with an unstable CEO, and make sure that you are friends with everyone and don't piss anyone off. Then wait for the CEO to lose their shit completely.