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So Twitter was at $70 per share a year ago. So what? Jack Dorsey was CEO a year ago, too. The share price was $33 less than a month ago. But, despite an absolutely incredible roller-coaster news cycle, things have been definitely trending down at Twitter ($33/share last month), which was reflected in its share price. The current executive team (and Dorsey) had wasted time focusing on things that didn't matter instead…
Can anybody make a good argument as to why Twitter (in its current form) isn’t a major detriment to society? If Twitter poofed out of existence today, it would be a major win for this planet. People talk about a frightening future with a human hostile AI that wants to destroy humanity. That exists, it’s twitter. Elon buying it, even if he runs it into the ground is a good thing. Getting rid of some of the hostile AI…
Twitter is where you can see journalists craft narratives and talking points about news stories in real time. It’s been incredibly revealing imo.
They even killed Vine, which is basically the exact same thing as Tiktok and Stories...years before both. Then tried to push their own version of stories, which was just awful. Jack and the current CEO seem(ed)s totally disconnected from any sort of reality going on with their own product.
Even Jack, while he was still in power, seemed confused by Twitter's own censorship/moderation rules at times. How is that possible? Moderation is also totally uneven with some accounts getting away with certain jokes (or outright threats) and others are completely immune to it. I personally love Twitter as a product, but it's so insane to me how the current CEO has his job, or how Jack was able to remain CEO for so long when he had clearly long abandoned it for Square.
For major news, no one talks about Facebook/Tiktok/Instagram...they talk about Twitter. It's so incredibly valuable, and it's shackled by sheer incompetent and complacency. If it's not Elon, someone needs to come in and restructure it and get rid of those holding it back.
Gab discovered this early on and pivoted accordingly.
I believe this is not a hostile takeover. It's an unsolicited bid to purchase the company directly to the board. A hostile takeover would involve a tender or purchases directly to shareholders to purchase stocks ignoring the board or likely against the wishes of the board.
The closest thing we had (have) to online free speech was (is) Usenet. But distributors of child porn along with Andrew Cuomo (when he was the New York state attorney general) making a deal with a number of major ISPs resulted in most ISPs discontinuing their Usenet service.
So Twitter was at $70 per share a year ago. So what? Jack Dorsey was CEO a year ago, too. The share price was $33 less than a month ago. But, despite an absolutely incredible roller-coaster news cycle, things have been definitely trending down at Twitter ($33/share last month), which was reflected in its share price. The current executive team (and Dorsey) had wasted time focusing on things that didn't matter instead…
Fiduciary duty =/= short term gains of company stock. Shareholder interest =/= money. Shareholder votes allow other considerations can be taken into account. I agree with your comment, but it's not that hard to reject IMO.
So Twitter was at $70 per share a year ago. So what? Jack Dorsey was CEO a year ago, too. The share price was $33 less than a month ago. But, despite an absolutely incredible roller-coaster news cycle, things have been definitely trending down at Twitter ($33/share last month), which was reflected in its share price. The current executive team (and Dorsey) had wasted time focusing on things that didn't matter instead…
There is a very clear risk of transformating the social media titan that is Twitter into Truth Social, a sideshow of a forum that is dedicated to the worship of one man. That would plummet the stock price.
So Twitter was at $70 per share a year ago. So what? Jack Dorsey was CEO a year ago, too. The share price was $33 less than a month ago. But, despite an absolutely incredible roller-coaster news cycle, things have been definitely trending down at Twitter ($33/share last month), which was reflected in its share price. The current executive team (and Dorsey) had wasted time focusing on things that didn't matter instead…
Anyone notice that the price is $5 4.20 ? A coincidence? A week out from 4/20?