Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

cnbc.com

Post reply on HN
Print view View original

911–920 of 1001 posts

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

#911

Post by memish »

tempest_ wrote: post #908
memish wrote: post #903

Earlier quoted context omitted.

I see Tesla cars all over the place. I saw rockets take off from SpaceX. What charade? Also he often publicly thanks, congratulates and credits the Tesla and SpaceX teams. Here's a sample: https://twitter.com/search?q=from%3A%40elonmusk%20%22team%22... As you can see yourself, he's saying "great job team!" not "great job me!". I just don't get all these olympic level contortions around denying the achievements of an…

Aha is the American Dream be born to well off parents and emigrate to dodge a draft now?

The idea that his success is due to that is another olympic level contortion. He wasn't given millions of dollars to start, let alone billions. Even if he was, it would still be impressive converting that into Tesla and SpaceX, as opposed to a yacht.

Realize that most people born to well off parents don't do shit. If insecurity needs an outlet, maybe redirect it to the rich kids of Instagram, not the guy who is helping solve climate change and get us back into space.

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

#912

Post by JaimeThompson »

ehvatum wrote: post #910
JaimeThompson wrote: post #907

Earlier quoted context omitted.

FSD, Starlink never being jammed in Ukraine, Tesla Solar Roofs, and other such things are all things Musk has hyped up that are somewhat counter factual. Why does it matter where he came from?

Because he’s an immigrant that made good on the American dream. That’s a powerful thing - some might even dare say, inspiring. I realize he’s white, so it doesn’t count, but it should.

Very interesting editing to your original post, when making such drastic edits that change the tone as much as you did it would be useful to make note of them so everyone knows.

You asked about things he had said/promoted, or something like that, which I listed in the first sentence of my response, care to respond to them?

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

#913

Post by diebeforei485 »

not2b wrote: post #184

Even before the poison pill was adopted, the evidence is the market wasn't taking Musk's offer seriously. That's because he was offering $54.20 per share (ha ha, 420), but the stock price never closed higher than $48.36. So almost $6/share was left on the table. Part of it is that Musk doesn't have $43B in cash, he'd have to raise it or borrow it. He's worth more than that but it isn't liquid; as an officer of Tesla…

> So almost $6/share was left on the table.

A few when ago when Microsoft announced it was buying LinkedIn, the shares were trading around $10-$15 less than the announced acquisition price for months. I wouldn't put too much weight into any sort of imputed probability from the price.

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

#914

Post by tempest_ »

memish wrote: post #911
tempest_ wrote: post #908

Earlier quoted context omitted.

Aha is the American Dream be born to well off parents and emigrate to dodge a draft now?

The idea that his success is due to that is another olympic level contortion. He wasn't given millions of dollars to start, let alone billions. Even if he was, it would still be impressive converting that into Tesla and SpaceX, as opposed to a yacht. Realize that most people born to well off parents don't do shit. If insecurity needs an outlet, maybe redirect it to the rich kids of Instagram, not the guy who is helpi…

I was not really commenting on how he achieved his success.

I was commenting on the appeal to the "American Dream(tm)".

Though if you want to follow it to the root if he was born black in the townships he likely would not have amounted to much, no matter how hard he worked it is unlikely he would have ever made it out of the country.

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

#915

Post by systemvoltage »

troad wrote: post #850
systemvoltage wrote: post #785

Earlier quoted context omitted.

ACLU has been gutted out and running on fumes off of donor class. I'll leave you with guessing who these people are. Btw, I've never seen my comment go from 6 votes to 0 in a matter of 30 mins. Insane.

There's nothing conspiratorial about pointing out the close ties between organisations like the ACLU and HRC and the Democratic party, if that's what you mean. Sad truth is, the moment an advocacy group and a political party become too close, the advocacy group ceases to be effective. This has nothing to do with Democrats in particular; cozying up to the Republicans is no different (e.g. the NRA). I'm heartened by th…

Agreed. "bad-ass ACLU" is the perfect description.

> FIRE

What's going to be its immunity against the pests that took over ACLU/NRA?

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

#916

Post by throwaway894345 »

tempest_ wrote: post #914
memish wrote: post #911

Earlier quoted context omitted.

The idea that his success is due to that is another olympic level contortion. He wasn't given millions of dollars to start, let alone billions. Even if he was, it would still be impressive converting that into Tesla and SpaceX, as opposed to a yacht. Realize that most people born to well off parents don't do shit. If insecurity needs an outlet, maybe redirect it to the rich kids of Instagram, not the guy who is helpi…

I was not really commenting on how he achieved his success. I was commenting on the appeal to the "American Dream(tm)". Though if you want to follow it to the root if he was born black in the townships he likely would not have amounted to much, no matter how hard he worked it is unlikely he would have ever made it out of the country.

Seems a little strange to criticize the American Dream on the basis of South African apartheid.

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

#917

Post by wwweston »

Aeolun wrote: post #458
wwweston wrote: post #413

Earlier quoted context omitted.

> Elon is arguing that Twitter is mismanaged. Anyone who thinks this is manifestly true should read this take from an ex-CEO of Reddit: https://twitter.com/yishan/status/1514938507407421440 tl;dr: managing human interaction in any environment with limited accountability is a lot harder than it looks Also, there's the question of by what metrics one would argue it's mismanaged. Revenue and engagement trends? Profitabi…

As insightful as this thread is, Elons reply is gold: > My most immediate takeaway from this novella of a thread is that Twitter is way overdue for long form tweets!

It's very clever. It redirects of a raft of points Wong makes into a narrative Musk is pushing. It probably represents one of the reasons why he's so successful. :)

It also loses its luster on a bit of reflection -- this particular novella was in fact published on Twitter, and obviously got plenty of attention, including from Musk, so it's not exactly clear that Twitter's an unacceptable venue for novellas. Also, there's other long-form platforms that don't seem to have competed well with Twitter so far.

But maybe someone could pull off making such a thing work. Which is why personally what I'd like to see Musk do is take the assets he was going to use to purchase Twitter and build another platform, one with the features and values he's envisioning from the ground up. He might have the juice to pull it off, and it would help diversify the media landscape and discourse culture rather than just being a tug-of-war.

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

#918

Post by misiti3780 »

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…

If they stopped reporting and focusing on MAU, the problem isnt that hard to solve. If you want to operate a bot on twitter, it costs X/month or just make bots illegal.

The problem would be more surmountable at that point

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

#919

Post by orestarod »

ehvatum wrote: post #910
JaimeThompson wrote: post #907

Earlier quoted context omitted.

FSD, Starlink never being jammed in Ukraine, Tesla Solar Roofs, and other such things are all things Musk has hyped up that are somewhat counter factual. Why does it matter where he came from?

Because he’s an immigrant that made good on the American dream. That’s a powerful thing - some might even dare say, inspiring. I realize he’s white, so it doesn’t count, but it should.

He was a RICH immigrant that made good on the American Dream. Having a truckload of money ready for you before you venture out in the world would be inspiring for anyone, believe me.

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

#920

Post by diebeforei485 »

9935c101ab17a66 wrote: post #762
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&…

I'd never heard of All in Pod, and so I listened to the section from 43:00 on about this being a 'free speech' issue. Quick takeaways: - The frequent pejorative use of the term 'elites' as a catchall for literally anyone they disagree with is hilarious. Their explanation of Musk being the iconoclastic 'anti-elite elite' sounds like Ayn Rand fan-fic written by a 14 year old who just read the Wikipedia plot summary for…

> the board also has a responsibility to protect minority shareholders from people exactly like Elon [...] they may quite reasonably believe that a vainglorious egomaniac who has been repeatedly sanctioned by the SEC may, in fact, not be the ideal owner of a social media company.

This was covered towards the beginning of the podcast. Legally, the role[1] of the board in this situation is to get the best stock price, and not about the future fate of the business.

1. https://en.m.wikipedia.org/wiki/Revlon,_Inc._v._MacAndrews_%....

(HN is truncating the final . in the link)

Post reply on HN