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Musk Said to Begin Firing Twitter’s Top Executives

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Re: Musk Said to Begin Firing Twitter’s Top Executives

#11
post #8
post #2

When you're the wealthiest person in the world you don't have to accept insults from anyone. Twitter offered Musk a seat on its board. But six days later, CEO Parag Agrawal tweeted that Musk "would not be joining the board after all" [1]. Musk's bid to buy the company quickly followed. And CEO Parag Agrawal has been fired. [1] https://www.theguardian.com/technology/2022/oct/26/elon-musk...

I suppose the big question is whether this makes Twitter more or less attractive to the audience at large. Social media is extremely fickle and driven by mass migrations. All it takes is a few key players moving and the house of cards collapses. I think Facebook is a textbook example, having once been the cool alternative to MySpace, which was the cool alternative to web 1.0 and Friendster, etc.

Twitter is funny imo because it started as the microblogging service nobody wanted or understood ("nobody cares what you had for breakfast") but somehow got media traction to become an often quoted source for stuff. My perception was the chicken came before the egg, ie media pushed Twitter as a source when it was still irrelevant, and as a consequence it became relevant. So if it loses that media support, it's not immediately clear to me if it will become self sustaining because of its user base. Maybe. Or maybe they will go wherever mainstream media gives the most attention.

Re: Musk Said to Begin Firing Twitter’s Top Executives

#12
post #2

When you're the wealthiest person in the world you don't have to accept insults from anyone. Twitter offered Musk a seat on its board. But six days later, CEO Parag Agrawal tweeted that Musk "would not be joining the board after all" [1]. Musk's bid to buy the company quickly followed. And CEO Parag Agrawal has been fired. [1] https://www.theguardian.com/technology/2022/oct/26/elon-musk...

Agrawal is the big winner here, he managed to sell the company for an outrageous amount of money.

Re: Musk Said to Begin Firing Twitter’s Top Executives

#13
Doesn't everyone want to shed a tear?: CEO Parag Agrawal will only get an estimated $42 million if he is terminated within 12 months of a change in control at the social media company, according to research firm Equilar.

https://www.reuters.com/technology/twitter-ceo-set-receive-4...

Re: Musk Said to Begin Firing Twitter’s Top Executives

#14
post #6

Earlier quoted context omitted.

What was the insult?

He was disinvited from joining the board. (Personally, I think CEO Parag Agrawal had good reason for doing so, if you remember Musk's tweets from that time, regarding changes he wanted to see in Twitter.)

According to those messages found in discovery Musk wasn’t disinvited, he made that decision himself.

Re: Musk Said to Begin Firing Twitter’s Top Executives

#15
post #6

Earlier quoted context omitted.

He was disinvited from joining the board. (Personally, I think CEO Parag Agrawal had good reason for doing so, if you remember Musk's tweets from that time, regarding changes he wanted to see in Twitter.)

According to those messages found in discovery Musk wasn’t disinvited, he made that decision himself.

That's not what this story says: https://www.cnbc.com/2022/09/29/dorsey-wanted-musk-on-twitte...

Re: Musk Said to Begin Firing Twitter’s Top Executives

#16
post #5

Doubtless they received magnificent parting terms, and are now free of a significant burden.

So what will they do next, now that the world is less tolerant of the type of rich person who destroys a company then tries to retreat onto a yacht or a ranch or something. Since COVID fell, many rapists have hung themselves[1,2] or been imprisoned,... and "The Europeans" are seizing their yachts one by one[3,4,5]?

(It's like I told Mike Nelson in the hall at the hacker convention -- there's no EU wide intelligence agency, and one day men with guns with come into your home without permission and do a hell of a lot more than knock on the door and go away after being politely told they never should have been let into the building without a warrant[6].)

-- [1] https://www.npr.org/2022/02/19/1081961087/jeffrey-epstein-je... [2] https://www.npr.org/2022/04/14/1092825114/germany-seizes-dil... [3] https://www.npr.org/2022/04/05/1090999672/russian-oligarch-y... [4] https://www.npr.org/2022/05/06/1097101058/russian-oligarch-f... [5] https://www.npr.org/2021/06/23/1009579599/john-mcafee-softwa... [6] It's nothing personal, but I value my privacy, just because I sometimes overshare doesn't mean folks are entitled to know whatever they want whenever they want.

Re: Musk Said to Begin Firing Twitter’s Top Executives

#17
post #8

Earlier quoted context omitted.

I suppose the big question is whether this makes Twitter more or less attractive to the audience at large. Social media is extremely fickle and driven by mass migrations. All it takes is a few key players moving and the house of cards collapses. I think Facebook is a textbook example, having once been the cool alternative to MySpace, which was the cool alternative to web 1.0 and Friendster, etc.

Twitter is funny imo because it started as the microblogging service nobody wanted or understood ("nobody cares what you had for breakfast") but somehow got media traction to become an often quoted source for stuff. My perception was the chicken came before the egg, ie media pushed Twitter as a source when it was still irrelevant, and as a consequence it became relevant. So if it loses that media support, it's not im…

What's hard to understand about the media enjoying having a worldwide realtime info feed?

Re: Musk Said to Begin Firing Twitter’s Top Executives

#18
post #2

When you're the wealthiest person in the world you don't have to accept insults from anyone. Twitter offered Musk a seat on its board. But six days later, CEO Parag Agrawal tweeted that Musk "would not be joining the board after all" [1]. Musk's bid to buy the company quickly followed. And CEO Parag Agrawal has been fired. [1] https://www.theguardian.com/technology/2022/oct/26/elon-musk...

Already off to a questionable start then, making business decisions based on grudges.

It's not based on a grudge. It's based on previous conversations with Agrawal and him coming to the conclusion (along with Jack Dorsey) that Agrawal won't work with him to make the changes he wants to see.

https://twitter.com/TechEmails/status/1575598387335901190

Re: Musk Said to Begin Firing Twitter’s Top Executives

#19
post #12
post #2

When you're the wealthiest person in the world you don't have to accept insults from anyone. Twitter offered Musk a seat on its board. But six days later, CEO Parag Agrawal tweeted that Musk "would not be joining the board after all" [1]. Musk's bid to buy the company quickly followed. And CEO Parag Agrawal has been fired. [1] https://www.theguardian.com/technology/2022/oct/26/elon-musk...

Agrawal is the big winner here, he managed to sell the company for an outrageous amount of money.

It's not Agrawal's company. He's a winner for how much he got in his golden parachute.
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