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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

#251

Post by KennyBlanken »

paxys wrote: post #155

Reading between the lines and the PR speak a little bit: 1. Parag is covering his own ass and making clear that the initial announcement was always contingent on a few things and not a done deal. 2. He is heavily implying that being a fiduciary of the company and having to act in its best interests (including, I imagine, not randomly criticizing it in public or promising non-existent features) was the deal breaker fo…

More like him criticizing the company and promising features was a deal breaker for Twitter's board and investors, and they have the power to tell him to fuck off.

Elon's lived in a fantasy land for years thanks to the Tesla board and investors letting him do whatever he wants.

Re: Elon has decided not to join our board

#252

Post by JumpCrisscross »

bArray wrote: post #248

So many people are freaking out over Elon Musk's involvement in Twitter, but it's really not a big deal: 1. 10% is not enough to force the CEO to force the developers to implement obviously bad functionality. An edit button is a sensible thing, a button to delete the tweets of other people is obviously a bad thing. They aren't going to drop the 'w' from Twitter just because he says so. Get a grip on reality. 2. The s…

It’s an example of Silicon Valley’s elite’s erraticism.

I love Elon. But he bought without activist intent, did a Twitter poll, accepted a Board seat, spoke—apparently for the first time in this sequence—to a lawyer, and then walked back. This is not how competent companies or civilisations are run.

Re: Elon has decided not to join our board

#253

Post by caffeine »

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.

Basically Elon is the largest shareholder. If he wants to join the board, that is best for Twitter and Elon.

If he doesn’t want to, that is also best. Whatever he wants is best because he is the biggest shareholder.

Re: Elon has decided not to join our board

#255

Post by bencollier49 »

foepys wrote: post #177
imgabe wrote: post #94

Earlier quoted context omitted.

Good little rule-followers rarely do anything important

That's just wrong. Scientists using to the standard academic processes (aka rules) are advancing humanity a lot farther than some rogue US CEOs ignoring laws from push their stocks. Those CEOs build on this science and even promise results before science advanced far enough.

As a counterpoint, you should read "Against Method".

Re: Elon has decided not to join our board

#256

Post by JumpCrisscross »

jmeister wrote: post #160
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?!

1. Twitter is the de facto “public square”. 2. Musk being on the board or not, and his actions re. Twitter in general, will have consequences, especially given that he has unlimited money. 3. Up until recently, the liberal-left was cheering for tech platforms exercising their sovereignty and censoring power: “if you don’t like it, build your own Twitter”. They’re having to eat crow. This has major implications for th…

> Twitter is the de facto “public square”

In the way the village cock fight was. Twitter is a convenient source of quotes for journalists. Beyond that it’s totally opt in.

Re: Elon has decided not to join our board

#257

Post by nickysielicki »

xyst wrote: post #219

TWTR about to crash for the week. All of those weekly options about to be -100%

If musk (or any of his friends with similar goals) make large purchases in order to oust leadership, it’s going to go way way up.

How much does Dorsey still have?

Re: Elon has decided not to join our board

#258

Post by Ekaros »

coolso wrote: post #224
andreyk wrote: post #121

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…

> jesus christ is he immature This seems to be the #1 complaint about him. Honestly, so what? Since when is Twitter serious business? To take it a step further... why does life have to always be serious business? There's plenty enough of that as it is. I think it's telling that people are up in arms and furious that Elon Musk might... bring back a little free speech and equal moderation to Twitter? I mean the threat…

> Since when is Twitter serious business?

Since the day of IPO...

We are talking about relatively expensive publicly traded company here. There should be some level of moderation with those people who can actually control and affect such company. Sure if you don't own single share do whatever you want, but once you have certain threshold of ownership, I expect certain level of professionalism.

Re: Elon has decided not to join our board

#259

Post by esalman »

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?

You'll get it if you realize he is trolling.

Re: Elon has decided not to join our board

#260

Post by grumple »

thetrb wrote: post #198
mostdataisnice wrote: post #187

Earlier quoted context omitted.

It would be an unmitigated disaster to have this dude on the board - his decorum is totally unacceptable

what's also scary is that he could do this with pretty much every public company he wants (very few exceptions of companies with >200B market cap or so).

I suspect he doesn't have that much liquidity. Twitter is number 484 by market cap.
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