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Elon has decided not to join our board

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Re: Elon has decided not to join our board

#41

Post by zarzavat »

princeb wrote: post #19
axg11 wrote: post #9

A 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 poste…

maybe his lawyers informed him he made a mistake. he filed the disclosure on Schedule 13G which prevents him from joining the board, rather than 13D if he wants to do so. but then again, i wouldn't put it past elon to do all the things that the SEC explicitly tells people not to do.

I’m not especially intimate with American bureaucracy. Does filing under the wrong schedule really prevent him from joining the board? Can’t he just file a correction?

Re: Elon has decided not to join our board

#42

Post by skissane »

onphonenow wrote: post #7
sircastor wrote: post #2

Was 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…

> My guess - he'd be in a conflicted position if he ever wanted to start / do his own social network.

That would likely take his time away from other things he cares more about, such as Tesla and SpaceX. Whereas buying up Twitter stock – even buying 100% and taking it over completely – doesn't take up much of his time at all. Even a board seat would have only been a modest time commitment, far less than starting a new social media company from scratch would be.

> And these changes are WAY outside of the comfort zone of FTC etc.

Why would those changes be outside the FTC's "comfort zone"?

FTC's chief concerns are (1) consumer protection, (2) antitrust/competition. I don't see how the changes you mention would impact either.

Re: Elon has decided not to join our board

#43

Post by axg11 »

camjohnson26 wrote: post #26

Quoted post unavailable.

Everything you said is true but there is an alternative perspective: Elon founded two of the most successful companies in existence. Both companies heavily innovated on hard technological problems in order to achieve commercial success. Hence, he's an operator with experience solving difficult challenges, making him qualified for the board seat.

Re: Elon has decided not to join our board

#44

Post by voidfunc »

axg11 wrote: post #31
pen2l wrote: post #25

Earlier quoted context omitted.

> A very odd set of events and no explanation regarding Elon's change of mind. I don't know about the regulatory guidelines which would or would not have barred Elon from exercising any sort of control in the board, but my sources from Twitter are telling me that folks were not happy about the prospect of Elon wanting to change Twitter to be in his image and it's likely this that the higher-ups communicated to Musk a…

Elon's companies have a unique and very different culture in comparison to Twitter. Of course, Elon was not set to be CEO, but to your point, the prospect of "Elon-ification" of Twitter was going to upset a lot of employees. The part I don't get: why is Elon still tweeting ideas for improving Twitter and shaking things up?

> The part I don't get: why is Elon still tweeting ideas for improving Twitter and shaking things up?

He's still the largest shareholder and he has a lot of soft power to sway opinions in the public sphere.

Re: Elon has decided not to join our board

#45

Post by smt88 »

onethought wrote: post #36
sircastor wrote: post #2

Was 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

Does he do that? What did he Invest in something/Tweet/Violate FTC/Profit from? If you're referring to Tesla, you missed the part where he: Lead the delivery of a ridiculous amount of value to the company unrelated to any tweets.

> What did he Invest in something/Tweet/Violate FTC/Profit from?

Dogecoin and Bitcoin.

He pumped and dumped the former pretty directly. He pumped and dumped Bitcoin by saying that Tesla would start to accept it as payment, and then he said that the price was too volatile and they wouldn't actually do that anymore.

He pumped and dumped Bitcoin again later, but I forget the circumstances.

Re: Elon has decided not to join our board

#48

Post by ra7 »

onethought wrote: post #36
sircastor wrote: post #2

Was 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

Does he do that? What did he Invest in something/Tweet/Violate FTC/Profit from? If you're referring to Tesla, you missed the part where he: Lead the delivery of a ridiculous amount of value to the company unrelated to any tweets.

Dogecoin and all the Tesla crypto shenanigans he pulled last year.

Re: Elon has decided not to join our board

#49

Post by CharlesW »

axg11 wrote: post #31
pen2l wrote: post #25

Earlier quoted context omitted.

> A very odd set of events and no explanation regarding Elon's change of mind. I don't know about the regulatory guidelines which would or would not have barred Elon from exercising any sort of control in the board, but my sources from Twitter are telling me that folks were not happy about the prospect of Elon wanting to change Twitter to be in his image and it's likely this that the higher-ups communicated to Musk a…

Elon's companies have a unique and very different culture in comparison to Twitter. Of course, Elon was not set to be CEO, but to your point, the prospect of "Elon-ification" of Twitter was going to upset a lot of employees. The part I don't get: why is Elon still tweeting ideas for improving Twitter and shaking things up?

> The part I don't get: why is Elon still tweeting ideas for improving Twitter and shaking things up?

That is weird, trolling doesn't seem like Elon's thing at all.

Re: Elon has decided not to join our board

#50

Post by smt88 »

Amfy wrote: post #15

hmmm not sure how I feel about this. I bought Twitter stock after I knew he will be joining the board. Hopefully he has something bigger in mind.

> I bought Twitter stock after I knew he will be joining the board.

I would give you two pieces of advice.

The first is traditional investing wisdom: buy on rumors, sell on news. Why sell on news? To make money from people who did what you did. Once you hear about some news, it's almost always too late to make money on it.

The second piece of advice is not to trade on anything Elon Musk says or does.

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