Live data from Hacker News

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

cnbc.com

771–780 of 1001 posts

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

#771
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&…

> bot and spam problem

Problem? KPIs are through the roof!

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

#772
post #732

Earlier quoted context omitted.

> The elites have somehow inverted history so they now believe that it is not censorship that is the favored tool of fascists and authoritarians, even though every fascist and despot in history used censorship to maintain power, but instead believe free speech, free discourse, and free thought are the instruments of repression. It feels a little silly to act like the guy trying to spend billions of dollars to get his…

That's like saying SpaceX isn't about going to Mars and Tesla isn't about reducing carbon emissions. At this point we can say these are mission focused moves. This is about free speech in the public square.

You think Tesla is about reducing carbon emissions?

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

#773
post #767

Earlier quoted context omitted.

To think that a company that has failed to create self-driving for nearly a decade could solve "content moderation", one of the hardest problem on the internet that every single of the big companies (who btw hire the best talent) have been struggling with, is truly a shocking statement to me. If all Google and Facebook couldn't solve it, why could a Tesla engineer of all people...

A large part of the problem for twitter Google and Facebook is their ever shifting goals for content moderation to appease their politically activist employees and media critics. Something tells me Elon would have different goals that should be less of a moving target and easier to accomplish. Less subjective target like "hate speech" and more objective target like true threats of violence, illegal activity, actual b…

No. Not relevant to the discussion. Gmail has no content moderation, but spam still gets through occasionally.

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

#774
post #736

Earlier quoted context omitted.

You don't nuke the accounts, you make it so no one can see their posts and they don't realize. Make them waste their time instead of creating a new account.

Implementation detail ¯\_(ツ)_/¯ you can handle this in many ways. The point was that Twitter doesn't currently care to use even minimal effort.

We don’t know how much effort they’re putting in.

What’s the false positive rate, and is that why people complain they’re being banned or shadow banned?

(Definitions of shadow ban vary: https://blog.twitter.com/en_us/topics/company/2018/Setting-t...)

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

#775

Earlier quoted context omitted.

"his way" vs what? The way of a dozen other guys? Pushing for less censorship isn't "his way" - - I see you've edited to "intra-elite" conflict. So is basically every problem in society then given that governance is handled by few. Not sure what the point is here, just feels like a hollow dismissal.

I didn't edit it. It always said that. And it is "his way" because "less censorship" almost certainly doesn't actually mean they just let people post whatever (and even if it did, do "we" all agree that would be a good idea? Probably not).

My mistake, it's late for me.

I'm still confused about what "less censorship" could mean, he seems pretty clear on it.

And what governance happens public or private that "we" all agree on?

Right now "we" don't agree on how Twitter operates currently. A couple dozen people do. I'm not understanding your point here.

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

#776

I wonder what stops Musk from buying 14.8%, and then lending money to a few friends who each buy 14.8% and agree to vote in his interest? If there is just a gentleman's agreement between them, then he would not be considered the beneficial owner? Then they could replace the board, repeal the shareholder rights plan, and the friends would pay back Musk's debt in Twitter shares. This is such an obvious loophole, surely…

I genuinely wonder if Elon Musk has friends, in the same way that you or I mean the word. I’m sure he has a great many people trying to get close to him, but when there’s such an obvious incentive for the other party I can imagine it being hard to trust anyone.

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

#778

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).

Retention of staff. Finding good engineers is exceedingly hard, and I imagine there were rumblings of an internal revolt.

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

#779

Earlier quoted context omitted.

I didn't edit it. It always said that. And it is "his way" because "less censorship" almost certainly doesn't actually mean they just let people post whatever (and even if it did, do "we" all agree that would be a good idea? Probably not).

My mistake, it's late for me. I'm still confused about what "less censorship" could mean, he seems pretty clear on it. And what governance happens public or private that "we" all agree on? Right now "we" don't agree on how Twitter operates currently. A couple dozen people do. I'm not understanding your point here.

We’ve been hearing bad-faith censorship debates long enough to know how this song and dance goes, haven’t we? “If I say something, no matter how vacuous and offensive, that’s free speech. But if you criticize it or otherwise say something I disagree with, that’s censorship.”

Beyond that, the idea of a totally unfettered Twitter is not really desirable. Such forums fill up with porn, gore, racism, and various other forms of shock content nobody actually wants on their feeds.

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

#780

Earlier quoted context omitted.

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

Quoted post unavailable.

Shareholding is not democratic. It is one-dollar-one-vote and therefore plutocratic rather than democratic.

(I was going to say it also involves too much money to be lefty, but then I realise that just might be my Overton window and isn’t necessarily related to what you think “lefty” means).

Post reply on HN