So there's two options right - the first is that Parag is for some reason making big strategic decisions about the direction of the company despite the fact that we all know he'll be gone if the deal closes. Or he's making big strategic changes at the behest of the acquirers before the deal closes. Neither of these things seem particularly kosher moves to make. The question is how to figure out which one it is. It wo…
Twitter CEO fires two top executives, freezes hiring
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Re: Twitter CEO fires two top executives, freezes hiring
#202Earlier quoted context omitted.
You're assuming that the deal will definitely close. The deal can still fall apart for a number of reasons. The risk of this happening is far from remote. This is evident from the current stock price of about $46, which is significantly lower than the $54.20 Musk is offering.
These mergers never are almost never at parity months before closing. This one isn't even so far a spread, 15% rebate on proposed takeout price. Activision, with an offer from Microsoft for which even Buffett is partaking in the arbitrage, sits at 20%. Even back at the announcement in January, before this market turmoil which can threaten these deals, it traded at a like 14% discount. With that in mind, special situa…
That's why the price is never on parity.
Putting everything on hold until the merger closes is a severe dereliction of duty.
Re: Twitter CEO fires two top executives, freezes hiring
#203So there's two options right - the first is that Parag is for some reason making big strategic decisions about the direction of the company despite the fact that we all know he'll be gone if the deal closes. Or he's making big strategic changes at the behest of the acquirers before the deal closes. Neither of these things seem particularly kosher moves to make. The question is how to figure out which one it is. It wo…
> So there's two options right There are far more possibilities than those two. Here's just one off the top of my head (I assign no probabilities here, just pointing out this false binary): This person is being fired as a result of some investigation or process that began prior to the acquisition process and whose results have only just been reached. There are a whole range of process driving, "my hands are tied" sce…
Re: Twitter CEO fires two top executives, freezes hiring
#204Is he the one who gave final approval of the anonymous login-wall, which pops up after 2 screens of scrolling in Twitter? If so, good riddance, as that is an incredibly hostile user pattern. BTW, maybe it's purely coincidence, but after refreshing my browser cache it seems to have gone away today.
Re: Twitter CEO fires two top executives, freezes hiring
#205Re: Twitter CEO fires two top executives, freezes hiring
#206So there's two options right - the first is that Parag is for some reason making big strategic decisions about the direction of the company despite the fact that we all know he'll be gone if the deal closes. Or he's making big strategic changes at the behest of the acquirers before the deal closes. Neither of these things seem particularly kosher moves to make. The question is how to figure out which one it is. It wo…
Re: Twitter CEO fires two top executives, freezes hiring
#207Earlier quoted context omitted.
What's odd about it? Why wouldn't he be proud of his team for successfully building stuff he thought was important to build?
Being so proud you lose your sanity? That's quite odd. It's an insane amount of hyperbole.
Re: Twitter CEO fires two top executives, freezes hiring
#208Earlier quoted context omitted.
What's odd about it? Why wouldn't he be proud of his team for successfully building stuff he thought was important to build?
Being so proud you lose your sanity? That's quite odd. It's an insane amount of hyperbole.
One definition for "insanely" is [0]:
> to an extreme degree.
Re: Twitter CEO fires two top executives, freezes hiring
#209> I’m just now learning that Parag fired Kayvon while he was on paternity leave, which is truly awful. > Parag is on his way out too. Why is he firing his product leaders during his lame-duck period? https://twitter.com/CaseyNewton/status/1524790595968901122
Re: Twitter CEO fires two top executives, freezes hiring
#210Earlier quoted context omitted.
Nothing could be worse than the crap reddit has been doing for the last year or so to force users (or from their perspective, useds, as rms likes to say) to download its app or login. First they outright blocked viewing posts unless logged in, then they disabled that, and now brought it back so that random posts are blocked from viewing with a message "This hasn't been reviewed" whatever that means. Someone at reddit…
I'm kinda hoping that reddit will finally remove old.reddit and the old design, not that I think the new design is good but it would finally make me drop reddit from my social media addiction.