401–410 of 542 posts
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.
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They likely do, but not openly.
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> An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit. Assuming Musk did take over Twitter, he wouldn't need to be much of a distraction. He could dictate a few rules (don't moderate Twitter, don't ban anyone, etc.) and then leave the company to function as it did before. I think what he doesn't realize is that reducing moderation…
Assuming Musk did take over Twitter, he wouldn't need to be much of a distraction. He could dictate a few rules (don't moderate Twitter, don't ban anyone, etc.) and then leave the company to function as it did before. Not really. One of the hard things about changing the course of a company is that you actually need people to do the things you want them to do. That means actually being hands on and checking things ar…
If Twitter started doing no (or very little) moderation it would suddenly be in conflict with many laws around the globe including the EU and the US.
That did fly a few years ago but I doubt it does today.
Other shareholders might not be to thrilled about them being banned
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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."
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…
That's the perks of having f.u. money.
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> Just like Trump he has a personal brand big enough to jumpstart a social network That appears to be an embarrassing failure, tho. And Musk's personal brand is much smaller than Trump's.
>And Musk's personal brand is much smaller than Trump' The world is larger than just the USA. Elon has an international following that probably outsizes what's left of Trumps crazy republicans.
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An optimist would think he's going to take it over. Look at his track record. Tesla and SpaceX are industry defining achievements. Fixing Twitter isn't as hard as that.
“Fixing Twitter is easy” is what leads to Facebook to facilitate literal genocide in countries on the other side of the world.
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.
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Those beliefs occurred at different times (one is past tense, one is present tense.) And only two significant events are cited as happening between them: a background check and Elon deciding not to join the board. Either the basis of the change in belief is “whatever Elon wants is best”, that implies a background check problem.
I personally read it as: It was for the best that we offered a seat, luckily he refused.