Elon has decided not to join our board • Hacker News Board

Re: Elon has decided not to join our board

#161

Post by sergiomattei » Mon, Apr 11, 2022, 4:58 AM UTC

braingenious wrote: post #135

Serious question: Who cares? I am not trying to make a joke or seem edgy. Literally, what group of people is actually impacted by this by first or second order effects of…whatever the hell this story entails? In other words, this is on the front page of hacker news. Why?!

It’s tech news. Naturally, tech people are interested.

Re: Elon has decided not to join our board

#162

Post by saagarjha » Mon, Apr 11, 2022, 4:58 AM UTC

braingenious wrote: post #135

Serious question: Who cares? I am not trying to make a joke or seem edgy. Literally, what group of people is actually impacted by this by first or second order effects of…whatever the hell this story entails? In other words, this is on the front page of hacker news. Why?!

I’m sure a decent fraction of the hundreds of millions of people who use Twitter would care if it changed drastically.

Re: Elon has decided not to join our board

#163

Post by manquer » Mon, Apr 11, 2022, 4:59 AM UTC

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.

Both could be factually true at those points in time. On Tuesday they thought this was good idea. Interacting with Elon and market reactions in the next few days could have convinced them that best idea was not to have him.

Re: Elon has decided not to join our board

#164

Post by dmix » Mon, Apr 11, 2022, 4:59 AM UTC

> Actually the strange thing about Musk’s 9.2% stake is that he disclosed it on Schedule 13G, which suggests that he is not planning to do activism or join the board. The ordinary way to disclose an activist stake of more than 5% of a company is a Schedule 13D; you are eligible to use the shorter and less informative 13G only if you have “not acquired the securities with any purpose, or with the effect, of changing or influencing the control of the issuer.”

-Matt Levine

Re: Elon has decided not to join our board

#165

Post by yumraj » Mon, Apr 11, 2022, 5:00 AM UTC

FWIW, I believe the key line is this:

We believed the best path forward was having Elon as a fiduciary of Twitter where he, like all board members, must act in the best interests of our company and our shareholders.

The fact that Elon would have had to act in the best interest of Twitter and not his own might have been the deal breaker.

OTOH, I was preparing myself to read that Elon has forced Twitter to enable Trump's account, given Elon's dislike for Biden and his earlier tweets about "free speech". Perhaps that was the deal breaker which made Elon decide to double down, increase his stake and do a hostile takeover and appoint him the CEO.

I guess Twitter is in for some real fun over the next few months..

Re: Elon has decided not to join our board

#166

Post by manquer » Mon, Apr 11, 2022, 5:00 AM UTC

steve_adams_86 wrote: post #35

hsbauauvhabzb wrote: post #29

Is it ironic that a text image is used by Twitter to bypass character limits on a post? This has to be a usability nightmare for differently abled people.

There is decent alt text on the image, but I can’t speak to how well Twitter works with a screen reader in order to access it.

However the Alt text version is slightly different from the posted one , so not really good substitute.

Re: Elon has decided not to join our board

#167

Post by sjtgraham » Mon, Apr 11, 2022, 5:00 AM UTC

daguava wrote: post #142

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…

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No post body was provided.

Re: Elon has decided not to join our board

#168

Post by deckard1 » Mon, Apr 11, 2022, 5:01 AM UTC

imgabe wrote: post #94

camjohnson26 wrote: post #26

Quoted post unavailable.

Good little rule-followers rarely do anything important

calm down Mini Zuck. You don't have enough money to break the rules like Elon. Or Trump. Or Uber. Or Airbnb. You gotta be too big to fail before you get into the might makes right game.

Re: Elon has decided not to join our board

#169

Post by enieslobby » Mon, Apr 11, 2022, 5:01 AM UTC

braingenious wrote: post #135

Serious question: Who cares? I am not trying to make a joke or seem edgy. Literally, what group of people is actually impacted by this by first or second order effects of…whatever the hell this story entails? In other words, this is on the front page of hacker news. Why?!

I find it hard to believe you're not trying to seem edgy. Is it difficult to imagine that many Twitter user's experiences will be affected by Elon Musk's involvement with the company?

Re: Elon has decided not to join our board

#170

Post by chmod600 » Mon, Apr 11, 2022, 5:03 AM UTC

daguava wrote: post #142

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…

Quoted post unavailable.

I find it humerous (intentional?) that you say he's a narcissist with no self reflection.

Narcissus fell in love with his own reflection:

https://en.m.wikipedia.org/wiki/Narcissus_(mythology)