Be legally restricted by fiduciary obligations and prevented from purchasing more stock in order to gain... what exactly? Elon made the right call here.
Elon has decided not to join our board
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Re: Elon has decided not to join our board
#22Re: Elon has decided not to join our board
#23hmmm not sure how I feel about this. I bought Twitter stock after I knew he will be joining the board. Hopefully he has something bigger in mind.
You could try reporting him to the SEC...
Re: Elon has decided not to join our board
#24It’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.
Joining the board "the best path forward", whereas not joining was "the best".
From this we can deduce that the destination of the "the best path forward" was for him to leave the board ("the best").
Re: Elon has decided not to join our board
#25A 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…
> 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 and told him to please back away (hence the 'I believe this is for the best' affirmation line from Agrawal himself).
Re: Elon has decided not to join our board
#26No post body was provided.
Re: Elon has decided not to join our board
#27A 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 transcription of the screenshoted text,
https://www.theverge.com/2022/4/10/23019802/elon-musk-not-jo...
Re: Elon has decided not to join our board
#28This particular instance aside, what possible sane regulatory changes could discourage this sort of manipulation? Modern social media is poking holes in a system that reacts too slowly and too inconsistently when questionable actors stir the pot. The only thing I can think of is a slower exchange, where trades happen on the order of days, or better yet weeks or months, where this sort of thing becomes a wash. I have…
> Or maybe the solution is just to stop reading the news?
Partly. Always be skeptical on what is reported on the news, especially the mainstream media. Twitter is just an echo chamber of brainless parrots manipulating users for their clicks who believe everything on the platform, even with a silly verified checkmark.
Re: Elon has decided not to join our board
#29Is it ironic that a text image is used by Twitter to bypass character limits on a post? This has to be a usability nightmare for differently abled people.
Re: Elon has decided not to join our board
#30This allows Elon to buy a larger % (the previous agreement to get a seat capped him below a controlling share)
I suspect this is involved - and it will be easy enough for Musk to support someone for the board at the next election.