Elon has decided not to join our board
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Elon has decided not to join our board
1–10 of 542 posts
Re: Elon has decided not to join our board
#2Was this all calculated stock manipulation? It feels like Musk’s modus operandi:
1: Invest in something,
2: Tweet about it.
3: Grossly violate FTC regulation,
4: profit
Re: Elon has decided not to join our board
#3Subject to background check
Re: Elon has decided not to join our board
#4This allows Elon to buy a larger % (the previous agreement to get a seat capped him below a controlling share)
Re: Elon has decided not to join our board
#5Was this all calculated stock manipulation? It feels like Musk’s modus operandi: 1: Invest in something, 2: Tweet about it. 3: Grossly violate FTC regulation, 4: profit
Musk usually doesn't do the profit part, which is why he can settle with the SEC for pennies (relatively speaking).
Re: Elon has decided not to join our board
#6This particular instance aside, what possible sane regulatory changes could discourage this sort of manipulation? Modern social media is poking holes in a system that reacts too slowly and too inconsistently when questionable actors stir the pot.
The only thing I can think of is a slower exchange, where trades happen on the order of days, or better yet weeks or months, where this sort of thing becomes a wash.
I have no interest investing in hype speculative bubbles, I'd rather place medium to long term bets on industry players. Or maybe the solution is just to stop reading the news?
Re: Elon has decided not to join our board
#7Was this all calculated stock manipulation? It feels like Musk’s modus operandi: 1: Invest in something, 2: Tweet about it. 3: Grossly violate FTC regulation, 4: profit
The reality is folks valued his potential input. That said I think a board role was a bad fit. He'd have to agree not to acquire more stock (he could personally easily buy 51% of twitter - 4% of his net work probably).
Also, he's too strong minded.
A recap of his ideas:
* A limited edit button. * Move it to a paid service * No ads to avoid corp pressure to censor voices.
My guess - he'd be in a conflicted position if he ever wanted to start / do his own social network. And these changes are WAY outside of the comfort zone of FTC etc.
Re: Elon has decided not to join our board
#8Subject to background check
Haha i was just thinking that, maybe he didn't pass? :)
Re: Elon has decided not to join our board
#9A very odd set of events and no explanation regarding Elon's change of mind. A pessimist would think that Elon has decided to go for a "hostile" takeover since he is no longer bound by the percentage holding cap. An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit.
It amuses me more than it should that the CEO of Twitter has posted an image of text (from the iOS Notes app?) to get around the Twitter character limit.
Re: Elon has decided not to join our board
#10Subject to background check
Alas, enough clearance to shoot rockets but not to join Twitter's board.