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Elon has decided not to join our board

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Re: Elon has decided not to join our board

#221

Post by alex_sf »

smt88 wrote: post #54
axg11 wrote: post #9

A 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…

> An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit. Assuming Musk did take over Twitter, he wouldn't need to be much of a distraction. He could dictate a few rules (don't moderate Twitter, don't ban anyone, etc.) and then leave the company to function as it did before. I think what he doesn't realize is that reducing moderation…

As opposed to now where it's 98% bots posting inflammatory political content?

Re: Elon has decided not to join our board

#222

Post by initplus »

zarzavat wrote: post #41
princeb wrote: post #19

Earlier quoted context omitted.

maybe his lawyers informed him he made a mistake. he filed the disclosure on Schedule 13G which prevents him from joining the board, rather than 13D if he wants to do so. but then again, i wouldn't put it past elon to do all the things that the SEC explicitly tells people not to do.

I’m not especially intimate with American bureaucracy. Does filing under the wrong schedule really prevent him from joining the board? Can’t he just file a correction?

It's not as easy as just filing a correction, there are different timelines for when large share acquisitions must be disclosed. It's intended to make financial markets fairer.

If he wants to join the board he needed to have filed correctly disclosing his acquisition of the shares earlier. To do otherwise is illegal and the SEC will surely take legal action. Filing now can't make everything OK, Elon can't go back in time and retroactively disclose the purchase.

Re: Elon has decided not to join our board

#224

Post by coolso »

andreyk wrote: post #121

So amusing. If you haven't seen some of Elon Musk's antics leading up to this, you really should: Today - [image] 'In all fairness your honor, my client was in "goblin mode"' https://twitter.com/elonmusk/status/1513244730720616448 Yesterday: "Everyone who signs up for Twitter Blue (ie pays $3/month) should get an authentication checkmark" https://twitter.com/elonmusk/status/1512946176244473863 [poll] "Delete the w in…

> jesus christ is he immature

This seems to be the #1 complaint about him. Honestly, so what? Since when is Twitter serious business? To take it a step further... why does life have to always be serious business? There's plenty enough of that as it is.

I think it's telling that people are up in arms and furious that Elon Musk might... bring back a little free speech and equal moderation to Twitter? I mean the threat isn't that the left is going to be censored more, it's that the right will be censored less equivalent to how the left is currently "censored" there. And that's what people are scared of, evidently. Excellent ideas, apparently, require strict censorship and moderation to propagate.

One of the number one complaints about our last President was the same thing: "he's immature". So finally, we got a super mature President who's in office currently. Along with super high inflation, super high gas prices, supply chain issues, and a Putin who evidently thinks he can get away with anything now.

"Immature" isn't always a bad thing.

Re: Elon has decided not to join our board

#225

Post by hsbauauvhabzb »

jazzyjackson wrote: post #191
hsbauauvhabzb wrote: post #29

Is 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.

Besides the character limit, there's an embarrassing number of reasons people might share screenshots of tweets: - to "retweet" without notifying the person and being linked to as a "quote tweet" on the OP - to share a post in a controversial context where many people are blocked by the tweeter in question (if you're blocked by someone, you can't read their tweets) - to share a post you expect will be deleted shortly…

Sure, but not everybody who is vision impaired is fully blind. in some situations they don’t use ocr or alt text, because sane websites can leverage zoom functions. Think: elderly people on iPhones, who may be able to pinch zoom if they’re technical understanding permits it.

Re: Elon has decided not to join our board

#226

Post by skissane »

bpodgursky wrote: post #73
skissane wrote: post #66

Earlier quoted context omitted.

Couldn't he take out a loan using his Tesla stock as collateral, and use that to fund a purchase of Twitter? That way he'd avoid selling any stock (and having to pay taxes on the sale), although he'd have to somehow fund the interest payments on the loan (which could be done through smaller stock sales, which would incur taxes, but he'd still pay less tax selling to fund the interest than selling to fund the principa…

Rich people do this to buy yachts and sports cars (for I dunno, tens of millions), but borrowing $15 billion? I'm kinda skeptical any banks would bite here. The collateral would be a huge portion of his Tesla stock, enough that a crash in TSLA could put the whole loan at risk.

To quote Oracle's 2021 definitive proxy statement, "As of September 13, 2021, Mr. Ellison, Oracle’s Founder, Chairman, CTO and largest stockholder, had pledged 317,000,000 shares of Oracle common stock as collateral to secure certain personal indebtedness". On that date, ORCL closed at US$87.91. So Larry Ellison had pledged approximately US$27 billion of ORCL stock to cover his personal loans. That doesn't tell us how big those loans actually are, but obviously the loan principal is in the billions not millions – it could easily be over US$10 billion. So if banks are willing to lend Ellison a few billion, why not Musk too?

Also, Musk may be able to find some co-investors (fellow billionaires, private equity, etc) who believe that Twitter would do better with a Musk-selected executive leadership team than with its current one, and so would be willing to support Musk in taking control.

Re: Elon has decided not to join our board

#227

Post by coolso »

basisword wrote: post #218

Not a surprise if you’ve read any of Musk’s tweets this past weeks. He sounds unhinged. He’s like Kanye West. Occasionally says and does great things but more often than not is tweeting nonsense that could damage the company/brand. You cannot have a board member polling users as to whether or not HQ should be converted to a refugee for the homeless. The uncertainty and stress nonsense like that must cause for employe…

> tweeting nonsense that could damage the company/brand

Oh, I think Twitter has done enough to itself to damage the company/brand as it is. Most people in the real world think the site is an absolute joke.

Musk can only bring good things to Twitter, and as a result, the world. The era of corporate censorship (in favor of their favorite side, of course) may finally be coming to an end!

Re: Elon has decided not to join our board

#228

Post by geodel »

PragmaticPulp wrote: post #11

It’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.

I mean eating cake is best thing I want to do but not eating cake is also the best thing I can do.

Re: Elon has decided not to join our board

#230

Post by convery »

riazrizvi wrote: post #215
PragmaticPulp wrote: post #11

It’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.

The first and second paragraphs contradict each other. Assuming of course that we ignore the time and events that separate them.

Not to mention hidden variables. i.e. him joining (on their terms) would be best for Twitter in the future (as his influence would be limited), him not joining (on his terms) would be best right now (as his influence is limited).
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