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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

#501

Post by kassah »

I think something really important here, is that it has been agreed that Elon Musk is not to be more than 14.9% beneficial owner of the companies common stock. I'm not a lawyer, but this also looks like a tactic saying "Let's give Elon a voice on the board so he doesn't buy controlling interest in the company."

Elon is being forced (or heavily incentivized at least) to liquify Tesla stocks, so he's going to be looking for alternate places to put that money to avoid the consequences of holding on to liquid capital, this limits him from putting too much of it into Twitter, and being more than just a board member.

Gives stockholders & existing board members what they want (retaining control of the business, and makes it harder for Elon to build a competitor), while giving Elon what he wants (influence in the business). This sounds like a win-win.

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

#502

Post by AnimalMuppet »

andrew_ wrote: post #52
JamesAdir wrote: post #9

Earlier quoted context omitted.

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.

> The changing wind that Elon is going to usher in is going to be fundamental and sweeping...

Could you be a bit more specific? What direction do you think the change will be in?

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

#504

Post by vernie »

jmkni wrote: post #5

I 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

No post body was provided.

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

#505

Post by eganist »

throwaway5752 wrote: post #493

"For so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions." This is the second line in the linked filing, and something a number o…

> This is the second line in the linked filing, and something a number of people have not read.

Not sure it's that it was left unread or if it just doesn't matter.

As best as I can tell, it just means he won't overtly threaten the company with a takeover or equivalent because he's been given soft power to influence.

My lay reading suggests that Twitter is now basically operating at his whims to keep him from leaving the board and executing a takeover plan 90 days thereafter.

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

#506

Post by k__ »

throwaway5752 wrote: post #493

"For so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions." This is the second line in the linked filing, and something a number o…

lol, what's the meaning of that?

So he doesn't down the stock with his decisions and buys it cheap later?

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

#507

Post by Uhhrrr »

It's easy to look at Musk's tweets and think he's just doing buying in so he can shitpost more effectively, but he is savvy enough to realize that Twitter is not nearly as valuable as it could be. Its reach is as huge as any network and anyone with a public presence "has to" be on it.

The big knock against it is that users and brands are afraid of spontaneous howling mobs. Fewer users means less reach and fewer brands means less $$$. My guess would be that he has some ideas about how to change this. Maybe (spitballing here) more tools for users who are QT'd?

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

#508

Post by BurningFrog »

thebradbain wrote: post #348
bequanna wrote: post #302

Earlier quoted context omitted.

Quoted post unavailable.

His companies compensate engineers below market, does he not? Also- weird take that both of your examples seem to focus on one specific genre of role. I’ve dealt with many more useless software engineering and product managers on a day-to-day basis than HR-types, who are there if you want/need to contact them or in the background if you don’t. Maybe Musk would benefit from them, actually …especially considering Tesla…

> His companies compensate engineers below market, does he not?

If that's true, those engineers would leave for better jobs.

If you think like an economist, the fact that his engineering departments remain fully staffed shows they're paid enough.

I'll take that as fact over angry internet rumors about a controversial billionaire.

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

#509

Post by exikyut »

rrix2 wrote: post #311
croes wrote: post #278

Does that mean he's now announcing the next five years, that Twitter's next feature will be ready next year?

Self-posting tweets by 2025, you wont even have to open the app to anger people

Thanks for breaking my brain. Possible complement :P

I got as far as "bot" "the cloud is just someone else's computer" "tree that owns itself" before my train of thought SEGVed loudly in complaint.

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

#510

Post by gotaquestion »

ryanSrich wrote: post #442

It would be cool to see Twitter unban the thousands of accounts I used to follow. I highly doubt Musk will have or is interested in having any real influence.

What thousands of accounts did you follow that were banned? Give us a sampling.
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