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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.
Buy the rumour, sell the news. The time to 'buy' was two months ago. [0]
Twitter’s relatively new chief executive officer, Parag Agrawal: Welcome, Mr. Musk. We’re so glad that you are our biggest shareholder. We have prepared a presentation showing how we are executing on our strategy of being more technically nimble, building new products and growing revenue and active users. Here on slide 1 you can see—
Elon Musk: Make the font bigger when I tweet.
Agrawal: What?
Musk: I am your biggest shareholder, I want the font on my tweets to be bigger than the font on everyone else’s tweets.
Agrawal: That’s not really how we—
Musk: And I want 290 characters. Again, just for me.
Agrawal: …
Musk: And it should play a little sound when I tweet so everyone knows.
Agrawal: I just feel like we want to make a good product for all of our millions of users? I feel like that is going to improve profitability in the long run and, as our largest shareholder, you in particular stand to benefit from—
Musk: Oh I don’t care even a little bit about that, if your stock doubles that is rounding error on my net worth, I just love tweeting and want to meddle a bit to optimize it for my personal needs.
https://www.bloomberg.com/opinion/articles/2022-04-04/elon-m...
Sounds like he has the best of both worlds holding the stocks and staying out of the board.
Wait "contingent on a background check"? This is the founder of SpaceX a contractor with NASA and DoD and you're gonna run measly background check on him? He most likely has an active TS clearance and works with ITAR.
But actually he wasn't a co-founder. He simply bought shares of Tesla 1 year after it was founded.
This is the red flag, so he failed the background check.
True story.
Earlier quoted context omitted.
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…
It's about 7% fwiw (although it would cost him some more in taxes to get the cash to do so, he'd have to sell Tesla and realize gains).
Wait "contingent on a background check"? This is the founder of SpaceX a contractor with NASA and DoD and you're gonna run measly background check on him? He most likely has an active TS clearance and works with ITAR.
Wait "contingent on a background check"? This is the founder of SpaceX a contractor with NASA and DoD and you're gonna run measly background check on him? He most likely has an active TS clearance and works with ITAR.
Not necessarily. It's as equally likely that he does not have any clearances and could not pass a background check, either with the government or the kind that Twitter's regulatory compliance people want.
In the case of companies that do work with the Department of Defense, it is not unusual for managers to have people who work for them who hold clearances but the managers themselves don't. Where I work, we operate a medical clinic in a federal facility and some of our staff have access to federal employee patient data. As a result, some of our physicians and nursing staff have a clearance as does one of our practice managers and some of our technical staff, but no one else does.
Also, remember that Musk has publicly consumed drugs that are illegal at the federal level and had some very visible run-ins with the SEC. Some federal investigators and companies would not have a problem with that, others very much would.
Earlier quoted context omitted.
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?
https://www.investor.gov/introduction-investing/investing-ba...
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…
- "CEO of Twitter has posted an image of text (from the iOS Notes app?)" At least he made the effort to include accessible alt-text. (Interestingly, the accessible text differs *slightly* from the picture-of-text version -- different draft revisions? Even social media CEO's don't seem comfortable with this workflow). edit: here's a diff with highlighting: https://i.imgur.com/R9wf2H5.png I'm relying on Verge's transcr…
I'm so sorry to continue: please introduce some padding while you're at it; the text being so close to the window borders in stock emacs is so offputting. Signed with love, a recent emacs convert.
edit: I see word-wrapping now, thanks!