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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

#121

Post by andreyk »

So amusing. If you haven't seen some of Elon Musk's antics leading up to this, you really should:

Today - [image] 'In all fairness your honor, my client was in "goblin mode"' https://twitter.com/elonmusk/status/1513244730720616448

Yesterday: "Everyone who signs up for Twitter Blue (ie pays $3/month) should get an authentication checkmark" https://twitter.com/elonmusk/status/1512946176244473863

[poll] "Delete the w in twitter?" https://twitter.com/elonmusk/status/1513045405029711878

[poll] "Convert Twitter SF HQ to homeless shelter since no one shows up anyway" https://twitter.com/elonmusk/status/1512966135423066116

[retweet] "Most of these “top” accounts tweet rarely and post very little content.

Is Twitter dying?" https://twitter.com/elonmusk/status/1512785529712123906

I really feel like he did not like the terms for joining the board (eg not freaking tweeting about Twitter) and cancelled last minute out of a tamper tantrum

This guy has done great things, but jesus christ is he immature

Re: Elon has decided not to join our board

#122

Post by nkozyra »

dobs_bob wrote: post #83
CharlesW wrote: post #49

Earlier quoted context omitted.

> 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.

Where have you been? The man lives to troll.

I'd argue he lives to be seen as a troll.

As an actual troll he hasn't really done much but post tired memes until buying a large stake in Twitter. Time will tell whether he's actually going to do anything interesting with this stake but based on track record I'm going with no.

Most of what qualifies him as a troll could be gleaned from a ten minute crash course in /b.

Re: Elon has decided not to join our board

#123

Post by noduerme »

bwilliams18 wrote: post #105
xyzzy_plugh wrote: post #6

This 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…

Enforcement is what discourages manipulation. The SEC could make a case that Elon intentionally manipulated the stock, (particularly with his late and then mis-filing of the 13G and 13D), that he then announced he was going to join the board only to then reverse only a few days later. The final key piece of evidence will be any further trading activity; has he already begun to sell his stake? If so it doesn't look go…

I don't think he's stupid enough to unload now. He'd be doomed.

I appreciate you setting the right tone with "Enforcement is what discourages manipulation."

Re: Elon has decided not to join our board

#124

Post by rpmisms »

solveit wrote: post #53
Rebelgecko wrote: post #12

Earlier quoted context omitted.

Didn't he profit (in terms of net worth, I guess he didn't realize any gains yet) by not disclosing when he hit the 5% mark?

Yes but he didn't sell as you say. Same with dogecoin, the "funding secured" debacle, and all his other stuff. He does something stupid and probably illegal, but doesn't actually take the crucial steps to profit and complete the scam. The image he portrays (I'm tempted to say cultivates) is that of someone above the law who doesn't give a fuck, not that of a common pump-and-dump scammer.

In his own words, he pumps, but he never dumps.

Re: Elon has decided not to join our board

#125

Post by systemvoltage »

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…

> There will be distractions ahead...

That's very telling, Parag implicitly admits major changes coming up. There is a theory on Twitter that Elon will attempt an outright takeover.

Re: Elon has decided not to join our board

#126

Post by avl999 »

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…

It was always clear to me as someone who has seen his share of Elon tweets. He was literally just trolling with his tweets and had no intention of ever joining the board as he doesn't have the time or the passion for that job.

Re: Elon has decided not to join our board

#127

Post by elSidCampeador »

soheil wrote: post #90
techsupporter wrote: post #68

Earlier quoted context omitted.

> 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 clearan…

So you smoke pot on video and you can't be on Twitter's board? Visible run-ins with the SEC is cause for rejecting a board candidate? For none of these claims you provide references. If there is a company foolish enough to adopt these policies it'd be sued out of existence. Or maybe we're about to witness the first occurrence of it.

Visible run-ins led to a settlement, btw - https://www.sec.gov/news/press-release/2018-226

Re: Elon has decided not to join our board

#128

Post by bcj7393nsk »

onethought wrote: post #88
smt88 wrote: post #45

Earlier quoted context omitted.

> 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.

Right, the currencies that are built on "trust-less networks" and are resistant to government interferences. But a single person can manipulate the entire currency with some tweets and a bit of capital. cool cool cool. Did Elon profit from that? i.e. He bought at the bottom and sold at the top? Or did he lose along with everyone else in the "dump" phase? Bitcoin: You don't have to trust anyone... except Elon.

> Did Elon profit from that? i.e. He bought at the bottom and sold at the top?

That same quarter, Tesla reported almost $500 million in realized capital gains on BTC.

And Elon owns Tesla stock.

The rest is left as an exercise to the reader.

Re: Elon has decided not to join our board

#130

Post by DonHopkins »

PragmaticPulp wrote: post #11

It’s funny that the first paragraph of the letter says they believed it was best for Elon to join the board. Then the second paragraph says that Elon declined to join the board and they believe it was also for the best.

The first paragraph applied to the time before they performed the background check.

The second paragraph applied to the time after they performed the background check.

Uh, oh, Spaghetti-Os!

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