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

cnbc.com

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

#951

Post by [deleted] »

TomSwirly wrote: post #820
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. Translation: "AI is a magic spell! I can take someone who's been working on vision recognition, and they alone could wish all our bots and spams away, with the magic of AI." > The elites Oh, god, here comes the libertarian spiel... > but instead believe free speech, free discourse, and free thought are the instruments of repression. Translation:…

[deleted]

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

#952

Post by memish »

TomSwirly wrote: post #820
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. Translation: "AI is a magic spell! I can take someone who's been working on vision recognition, and they alone could wish all our bots and spams away, with the magic of AI." > The elites Oh, god, here comes the libertarian spiel... > but instead believe free speech, free discourse, and free thought are the instruments of repression. Translation:…

That translation is projection, nothing more.

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

#953

Post by gadders »

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).

Nope. It's all about people having to protect The Narrative.

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

#954

Post by caslon »

newswasboring wrote: post #815
caslon wrote: post #802

Earlier quoted context omitted.

The problem is false positives. Graham's experience of combating spam involved writing a Bayesian filter for his mailbox. That's fine. Somebody misses a message and one of the two parties feels bad, but they eventually either catch up or get over it. You can't "leave" that platform. Twitter, on the other hand, is pretty sensitive to false positives, and the vernacular is so unique that naive Bayesian filtering would…

I do believe Twitter isn't doing well at fighting spam, also that it's a pretty hard problem. But where do you think people will go after leaving Twitter? Is there an option?

Does it matter where they'll go? People will always find some spot on the internet to have conversations after a given platform hits the friction threshold, and some might not even go anywhere: They might just leave.

Where people will go doesn't really matter, because there are a billion places they can, and there's not always a clear migration path. Sometimes, a social platform just dies, and its communities form a diaspora on different platforms, without any "clear" successor (like what happened to Orkut), or just stop doing the whole social media thing (many Google+ contributors no longer post online anywhere).

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

#955

Post by kingcharles »

ComputerGuru wrote: post #673
kingcharles wrote: post #265

Earlier quoted context omitted.

And inchoate crimes don't require the person to do as you commanded them. Just the statement above would probably be enough to charge someone. And even if the crime you are encouraging someone to commit is impossible (for instance, asking Musk to buy 110% of Twitter through you), it is *still* a crime for you to have asked him.

I’m not sure how the second part of your claim holds up if you treat your first contention (with which I agree) as a precondition. In particular, I think it wouldn’t be possible to prove mens rea , which you’d have to do if no crime ended up being perpetrated and you’re charging someone only for the alleged solicitation of an inchoate crime?

IANAL, I just play one on TV, so I might have fucked it up. Wikipedia seems to have some good and amusing examples on their page:

https://en.wikipedia.org/wiki/Inchoate_offense

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

#956

Post by emodendroket »

ajsnigrutin wrote: post #937
emodendroket wrote: post #933

Earlier quoted context omitted.

Well that’s the thing. I don’t think we normal people are going to get more of a voice.

So, then it doesn't matter... Rich people do what rich people do, with musk+twitter combo, there's atleast a chance you'll get more of a voice, with some other combo (eg. disney buying twitter), you already know there's zero chance for that.

I would not be surprised if the Musk regime is worse. Actually that's what I anticipate.

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

#957

Post by kalstone »

cmdli wrote: post #351
codedokode wrote: post #333

I don't really understand how this "poison pill" is legal. Imagine that you own a stock that can be sold at free market at $10/share. Then the board decides that whoever buys those shares will have to resell them to board members at $1. This means that now the price of those shares drops to $1 and you have lost $9 per share. How this can be legal?

Poison pill shares are new shares, issued by the company and then sold to existing shareholders (with the exception of anybody who owns more than say, 15%). Since these shares are sold at a discount to the current market price, it is arguable that existing shareholders are benefiting as they now get more shares at a cheaper price, while also screwing over anybody who is trying to get >15%. Now, you may argue that it…

Issuing new shared dilutes the shares that all holders have. To benefit they have to purchase more, even though it's at a cheaper.

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

#958

Post by ehsankia »

mavhc wrote: post #753
ehsankia wrote: post #716

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...

60,000 people have FSD beta, they've got further than everyone else.

Tesla FSD is level 3. You still need to be fully aware and hands on the wheel. Level 4 is when no one needs to be at the driver seat, which is what Cruise and Waymo are doing.

Quantity != Quality. Just because McDonalds serves billions of people doesn't magically make it good food.

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

#959

Post by ehsankia »

pennaMan wrote: post #757
ehsankia wrote: post #717

Earlier quoted context omitted.

You mean self driving, which they promised would be ready over 5 years ago and still barely at L3 level? Meanwhile Google engineers have actual L4 level self-driving in both Phoenix and San Francisco (by your logic, they are better than Tesla engineers), yet have not managed to solve Youtube's spam problem.

>Meanwhile Google engineers have actual L4 level self-driving They don't have L4 self-driving they just made a contrived railway system for their cars. The second the car is out of the hardcoded route it's not a self driving car anymore.

First off, it's a hard coded area, not "route". They're not buses. A limited area is part of the definition of Level 4. What you're thinking of is Level 5, which is being able to handle any area and situation.

There are also reasons beyond capability for the cars being limited to an area. One is legislative, they literally are not allowed to offer service outside a given area. Another is maintenance, the cars need to be within range for their team in case of emergencies or accident. The cars have been tested in many cities outside those two cities, but offering a user-facing service has a lot more barriers.

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

#960

Post by AlbertCory »

ISL wrote: post #416
AlbertCory wrote: post #379

Earlier quoted context omitted.

Rookie mistake: the fact that a stock was once higher is no indication whatsoever that is "worth" that much. That was then, now is now.

It has meaning primarily insofar as other people think that it might have meaning. Technical Analysis is madness, but there is method to it.

Yeah, I don't know much about TA, but I think it probably works better for well-established cyclical stocks, not for growth (or lack thereof) stocks like TWTR.
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