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Twitter board adopts poison pill after Musk’s $43B bid to buy company

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Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#701

Post by memish »

browserman wrote: post #699
memish wrote: post #696

Some points from the All in Pod. 1. The Twitter board of directors has become a status thing. It's like a country club. They don't have real skin in the game; they don't own much stock. They're not aligned with the shareholders. It's about status and cultural power. 2. Why should we believe that the company will become more valuable when the stock price is where it was way back in December 2013? Compare to how the S&…

Tesla's AI engineers can't even solve their own problems, why do you think they could solve Twitter's?

They have solved much harder problems than spam bots.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#702

Post by j4yav »

memish wrote: post #696

Some points from the All in Pod. 1. The Twitter board of directors has become a status thing. It's like a country club. They don't have real skin in the game; they don't own much stock. They're not aligned with the shareholders. It's about status and cultural power. 2. Why should we believe that the company will become more valuable when the stock price is where it was way back in December 2013? Compare to how the S&…

All in Podcast can be fun but it's way more on the side of entertainment than information/insight. There is a lot of self-serving narratives on that show, and I think they'd be the first to admit it. One of them was saying a few weeks ago that the root cause of the Russian invasion of Ukraine was Twitter, so you know.. grain of salt and all that.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#703

Post by tomhoward »

xyzzy21 wrote: post #19

And then the board and executive get sued for failing to maximize shareholder value. It's literally a violation of federal law.

The fiduciary obligation is to act in the company's (not shareholders') best interests, not to maximise (short term) shareholder value. If the board has grounds to believe they can increase the value of the company over the long term by more than Musk's present offer is doing, they're right to do this and are legally safe.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#704

Post by FFRefresh »

browserman wrote: post #700
FFRefresh wrote: post #687

Earlier quoted context omitted.

It's really fascinating seeing all the conspiracy theorizing going on with this offer. You have a number of really creative threads going on here. To step through this... So we have someone with a net worth near 300 billion dollars that is going to go through all this trouble to: -Unblock one user -Which will then trigger an American political party to like him -This political party will then make it less likely the…

I don't think it's a straight quid pro quo or that he's on a secret Signal chat with Trump or anything. Just part of a broad alignment of the tech oligarchy with the Republican Party on anti-labor and anti-regulation lines.

Again, why would Elon Musk, with net worth near 300 billion dollars, go through all this trouble to maybe save 0.01% of his net worth in fines in some hypothetical scenario? The ROI seems absolutely terrible for that theory.

And why when Trump and the Republican party was in power in 2018, did they allow Musk+Tesla to be fined if there is such a tight relationship along 'anti-regulation' lines between the SEC and the President/political party in power?

And again, if he cares about political influence, why go through all this trouble and why not just directly incentivize politicians?

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#706

Post by darth_avocado »

memish wrote: post #696

Some points from the All in Pod. 1. The Twitter board of directors has become a status thing. It's like a country club. They don't have real skin in the game; they don't own much stock. They're not aligned with the shareholders. It's about status and cultural power. 2. Why should we believe that the company will become more valuable when the stock price is where it was way back in December 2013? Compare to how the S&…

> One AI engineer from Tesla could solve Twitter’s bot and spam problem

I think you underestimate how hard the problem is or you don’t fully understand how it works. The scale at which Twitter operates makes it near impossible to take down spam in real time. You don’t think Twitter is working on it, but they are. What you see is a much smaller percentage of the actual spam generated, and the reason you see it is because users are creative on circumventing all the preventive actions they take.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#707

Post by [deleted] »

systemvoltage wrote: post #281
UnpossibleJim wrote: post #105

So, I'm not very corporate savvy and this might be a very stupid question. Is there a NON-culture/political reason for all the push back against Musk buying Twitter? From the read, this just seem to be opening the door for someone else to try and take majority control and pining away for the days of Dorsey (which, if looked at objectively, weren't great... just filling an opportunity).

The sad truth is that this is an intense political battle. I would personally favor Elon Musk taking over and shaking things up, any other position is untenable. And, I am saying this as a progressive. I think an open and transparent social platform would be great for the society. The issue is that managerial class of America, both in private and public sector, are in bed with each other. The government cannot suppre…

[deleted]

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#708

Post by tenpies »

rufusroflpunch wrote: post #446
bko wrote: post #407

Earlier quoted context omitted.

It doesn't have to be complicated. The shareholders should have a right to decide through a proxy vote on whether to accept the offer

To me, this seems obvious. No reason something this fateful shouldn’t be put to shareholder vote. No good reason, at least.

No post body was provided.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#709

Post by tsimionescu »

4khilles wrote: post #613
rgbrenner wrote: post #335

Earlier quoted context omitted.

It’s definitely just a stunt… he doesn’t have the money, and said he expects larger shareholders to sign on to the deal… so he can take the company private and do great profit-maximizing ideas like turning their office into a homeless shelter. He’s presented no ideas that would increase twitters profits or market share. What shareholder would sign up for this?

Why would Twitter profits matter to shareholders after they divest?

The parent believes, based on Elon's own claims, that part of his plan of raising the money is to get some existing shareholders on board, essentially having them finance the deal, obviously by promising them a stake in the future private company.

They are also assuming an existing shareholder would only do this if they believe the future private Twitter would be a more profitable endeavor for them, which Musk's comments really shouldn't inspire confidence in.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#710

Post by eldenwrong »

darth_avocado wrote: post #706
memish wrote: post #696

Some points from the All in Pod. 1. The Twitter board of directors has become a status thing. It's like a country club. They don't have real skin in the game; they don't own much stock. They're not aligned with the shareholders. It's about status and cultural power. 2. Why should we believe that the company will become more valuable when the stock price is where it was way back in December 2013? Compare to how the S&…

> One AI engineer from Tesla could solve Twitter’s bot and spam problem I think you underestimate how hard the problem is or you don’t fully understand how it works. The scale at which Twitter operates makes it near impossible to take down spam in real time. You don’t think Twitter is working on it, but they are. What you see is a much smaller percentage of the actual spam generated, and the reason you see it is beca…

Add a bitcoin deposit to verify account as orange. Problem solved
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