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Ooooh, he remembers a lot of people. He'll quote people from years ago that he blocked on Twitter. He definitely remembers people who he feels slighted by.
Elon has decided not to join our board
181–190 of 542 posts
Re: Elon has decided not to join our board
#182Earlier 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?
Not joining the board doesn’t change the fact he is the largest single Twitter shareholder. He didn’t buy that stake because he thought it was a great company as is.
Re: Elon has decided not to join our board
#183A very odd set of events and no explanation regarding Elon's change of mind. A pessimist would think that Elon has decided to go for a "hostile" takeover since he is no longer bound by the percentage holding cap. An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit. It amuses me more than it should that the CEO of Twitter has poste…
- "CEO of Twitter has posted an image of text (from the iOS Notes app?)" At least he made the effort to include accessible alt-text. (Interestingly, the accessible text differs *slightly* from the picture-of-text version -- different draft revisions? Even social media CEO's don't seem comfortable with this workflow). edit: here's a diff with highlighting: https://i.imgur.com/R9wf2H5.png I'm relying on Verge's transcr…
Perhaps the alt text is condensed to comply with a limit? Looks like the same information for the most part.
Re: Elon has decided not to join our board
#184"So we decided that Elon would join our board, and that was in the best path forward, but then Elon decided that he would not join the board and that was also the best decision" You have no idea how much I hate this corporate speech of fried air and buttlickers
The investor is always right.
That being said, I agree, if only because it makes for boring reading and comes off as disingenuous.
Re: Elon has decided not to join our board
#185A very odd set of events and no explanation regarding Elon's change of mind. A pessimist would think that Elon has decided to go for a "hostile" takeover since he is no longer bound by the percentage holding cap. An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit. It amuses me more than it should that the CEO of Twitter has poste…
Elon has made many unilateral decisions very frequently and without warning. Case in point was to close all of Tesla’s car dealerships. For obvious reasons this was backed out due to the fact that some of them had leases which would be a breach in contract .
Re: Elon has decided not to join our board
#186A very odd set of events and no explanation regarding Elon's change of mind. A pessimist would think that Elon has decided to go for a "hostile" takeover since he is no longer bound by the percentage holding cap. An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit. It amuses me more than it should that the CEO of Twitter has poste…
- "CEO of Twitter has posted an image of text (from the iOS Notes app?)" At least he made the effort to include accessible alt-text. (Interestingly, the accessible text differs *slightly* from the picture-of-text version -- different draft revisions? Even social media CEO's don't seem comfortable with this workflow). edit: here's a diff with highlighting: https://i.imgur.com/R9wf2H5.png I'm relying on Verge's transcr…
That diff is a great lesson in Plain English. The version that looks ~50% longer provides no additional information.
Re: Elon has decided not to join our board
#187A very odd set of events and no explanation regarding Elon's change of mind. A pessimist would think that Elon has decided to go for a "hostile" takeover since he is no longer bound by the percentage holding cap. An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit. It amuses me more than it should that the CEO of Twitter has poste…
Perhaps a realist would suspect that Elon is mercurial and easily bored.
It would be an unmitigated disaster to have this dude on the board - his decorum is totally unacceptable
Re: Elon has decided not to join our board
#188Re: Elon has decided not to join our board
#189Earlier quoted context omitted.
>> hence the 'I believe this is for the best' affirmation line from Agrawal himself He also says in the previous paragraph that they [had?] believed that having Musk on the board would "be the best path forward." It's sort of a Rorschach test. You could divine either opinion you wanted from the post.
It seems to me that Parag welcomed initially for Elon to be on the Board but then the tweetstorm Elon sent on Dying company, Twitter SF HQ, removing ads from their Subscription and accepting Doge for it, and the current Board/CEO may have thought that all this would be too much to handle so they may have pushed him out of the Board? Sounds like this tweet storm over the weekend may have contributed to this outcome.
Good thinking if they did. Letting him onto the board of Twitter would basically be like letting a cokehead run a drug cartel.
Re: Elon has decided not to join our board
#190Earlier quoted context omitted.
> My guess - he'd be in a conflicted position if he ever wanted to start / do his own social network. That would likely take his time away from other things he cares more about, such as Tesla and SpaceX. Whereas buying up Twitter stock – even buying 100% and taking it over completely – doesn't take up much of his time at all. Even a board seat would have only been a modest time commitment, far less than starting a ne…
> Why would those changes be outside the FTC's "comfort zone"? I am also confused. Perhaps foregoign Ad-tech revenue would be against the supposed fiduciary duty?
That's really only an issue if enough of the shareholders decide to sue or you're straight up abusing your position (i.e. embezzling).
Otherwise, you can always make some stuff up about it being a long-term strategy. But, fundamentally, making a bad call isn't a violation of fiduciary duty (unless there's documents saying you know it will tank beforehand and you do it anyway).