The ongoing Elon Twitter saga: "insert demographic" melts down

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Higher Than Average said:
BBC News - Messages reveal how Musk and Twitter boss fell out
www.bbc.co.uk

Messages reveal how Musk and Twitter boss fell out

New text messages between Musk and Twitter boss Parag Agrawal reveal how the relationship broke down.
www.bbc.co.uk
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LOL @

"What did you get done this week?" :D

The Twitter CEO convo is a bit cringe, CEO getting angsty and trying to admonish Elon, Elon then carrying on being a douche etc.. The Jack Dorsey convo is more interesting, he did seem to lose control of the original purpose of twitter and it seems to have been partly captured by SJW types etc. ergo he's quite happy for Elon to takeover. The idea of a non-corporate replacement, maybe some decentralised, open source protocol administered by a foundation is interesting.

Colonel_Klinck said:
If you joined the board of a company and the very next day posted on social media that the companies only product might be dying do you think the board might have issues with you?
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He didn't join the board, did he? He was trying to buy the company and thinks it needs to change.
 
dowie said:
LOL @

"What did you get done this week?" :D

The Twitter CEO convo is a bit cringe, CEO getting angsty and trying to admonish Elon, Elon then carrying on being a douche etc.. The Jack Dorsey convo is more interesting, he did seem to lose control of the original purpose of twitter and it seems to have been partly captured by SJW types etc. ergo he's quite happy for Elon to takeover. The idea of a non-corporate replacement, maybe some decentralised, open source protocol administered by a foundation is interesting.



He didn't join the board, did he? He was trying to buy the company and thinks it needs to change.
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Read that article posted. It says he agreed to join the board and it was announced he was joining the board and then he posted the tweet that the CEO freaked out over. You are effectively a board member at that point even if you haven't sat in a board meeting and arguably have a duty to the shareholders to do the very best for them. From reading that and everything else we know about Musk they are both clearly children in a lot of ways. Musk might be a genius but he must be a nightmare to deal with even within his own companies. I can imagine the board of Tesla have their heads in their hands at some points with what he says in public.
 
Colonel_Klinck said:
Read that article posted. It says he agreed to join the board and it was announced he was joining the board and then he posted the tweet that the CEO freaked out over. You are effectively a board member at that point...
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So no, he didn't join the board then. IIRC he was willing to but no only was there that exchange but there was some nonsense about background checks etc... too.

He's an outsider coming in wishing to change the company, of course, he's going to have criticisms.
 
Poor old Musky, still trying to back out of the Twitter purchase. After all the right wing crowing about Twitter being de-woked under Elon's bold ownership, he seems destined to disappoint them.
 
dowie said:
So no, he didn't join the board then. IIRC he was willing to but no only was there that exchange but there was some nonsense about background checks etc... too.

He's an outsider coming in wishing to change the company, of course, he's going to have criticisms.
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When Twitter announced he was joining the board he should act like a board member. Is that so hard to understand?? His criticisms would have been better taken to the board rather than on Twitter itself. He wasn’t joining as the chairman.

www.theguardian.com

Elon Musk to join Twitter board after taking $2.9bn stake

Tesla and SpaceX boss becomes social media platform’s biggest shareholder with 9.2%
www.theguardian.com www.theguardian.com
 
Colonel_Klinck said:
When Twitter announced he was joining the board he should act like a board member. Is that so hard to understand??
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Yes, because it's dumb and meaningless - he's trying to takeover the company and he wants to change it, he's not some established board member so WTF does "act like a board member" mean here when the existing board members already have differing interests (non-execs vs execs) and Elon has further differing interests.

Colonel_Klinck said:
His criticisms would have been better taken to the board rather than on Twitter itself. He wasn’t joining as the chairman.
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Nothing wrong with Elon communicating his intent publicly, including leveling criticisms given that his pov is likely substantially different to the current board and any official communications they might make to shareholders.

They're not necessarily criticism just for the board to hear, he wants shareholders and users to hear them too.
 
Colonel_Klinck said:
If you serve on a board you have a duty to the company and shareholders to not do anything that could hurt the company or its share price.
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Firstly he wasn't serving on the board and secondly he was, at the time, doing the opposite of hurting the company and the share price - he was literally offering to buy it for more than the prevailing market price, criticising how it's currently run and stating that he wants to change it for the better.

As much as people dislike him and certainly he can be a douche at times he's still a self-made multi billionaire who has years of experience managing tech companies and is very good at it.
 
dowie said:
Yes, because it's dumb and meaningless - he's trying to takeover the company and he wants to change it, he's not some established board member so WTF does "act like a board member" mean here when the existing board members already have differing interests (non-execs vs execs) and Elon has further differing interests.



Nothing wrong with Elon communicating his intent publicly, including leveling criticisms given that his pov is likely substantially different to the current board and any official communications they might make to shareholders.

They're not necessarily criticism just for the board to hear, he wants shareholders and users to hear them too.
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He wasn't attempting to take it over at that point. He was on good terms with the board and had agreed to join the board. If he was just interested in a hostile takeover at that point he would have just gone ahead like he did after they fell out.

I'm not heading down another dowie hole with you. If you agree to work at company and then go and say its dying in public don't be surprised that the company isn't happy with you. I'm not defending Twitter or its CEO here, I'm simply saying its hardly surprising that Elon did what Elon does and opens his mouth with zero thoughts to the consequences.
 
dowie said:
Firstly he wasn't serving on the board and secondly he was, at the time, doing the opposite of hurting the company and the share price - he was literally offering to buy it for more than the prevailing market price, criticising how it's currently run and stating that he wants to change it for the better.

As much as people dislike him and certainly he can be a douche at times he's still a self-made multi billionaire who has years of experience managing tech companies and is very good at it.
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I think your timeline is messed up.

On the 4th Twitter announces Musk had purchased 9.2%

On the 5th he was appointed to the board.

On the 9th he tweeted, is Twitter dying

On the 10th he said he wouldn't be joining the board.

On the 14th he announces his bid to by Twitter for $43b

So your timeline above is pure conjecture. You don't know what his intentions were until his announcement on the 14th.

Its certainly got nothing to do with my feelings about Musk, I love SpaceX and what he's doing there but its clear for everyone to see that he is a loose cannon and says and does things impulsively, fine in a private company but not with a publicly treaded one.
 
Colonel_Klinck said:
He wasn't attempting to take it over at that point. He was on good terms with the board and had agreed to join the board.
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Eh? Yeah he was, why do you think he'd just bought a big chunk of equity???

Colonel_Klinck said:
I think your timeline is messed up.

On the 4th Twitter announces Musk had purchased 9.2%
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Apply some common sense here - do you really believe that he did that because he just wanted to add a chunk of Twitter to his personal portfolio and hold it passively but then only a few days later he just happened to try the takeover?

You're being a bit naive here and as pointed out previously, supposing he had taken up the board appointment that doesn't stop him from communicating directly with the public, with shareholders etc.. again you seem to have totally glossed over the fact that not all board members have interests aligned with each other - especially one only recently offered a seat ( and who never took up the post) and who is in the middle of a takeover attempt.
 
@dowie so was he or was he not on the board? From @Colonel_Klinck post, it seems you're wrong.

Do you accept that is the case or have anything to show what you've said is correct regarding being a board member. As you've brought it up a few times when making a point, but when it's said your time line is wrong, you've glossed over it and not commented on that important bit.
 
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dowie said:
Eh? Yeah he was, why do you think he'd just bought a big chunk of equity???



Apply some common sense here - do you really believe that he did that because he just wanted to add a chunk of Twitter to his personal portfolio and hold it passively but then only a few days later he just happened to try the takeover?

You're being a bit naive here and as pointed out previously, supposing he had taken up the board appointment that doesn't stop him from communicating directly with the public, with shareholders etc.. again you seem to have totally glossed over the fact that not all board members have interests aligned with each other - especially one only recently offered a seat ( and who never took up the post) and who is in the middle of a takeover attempt.
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Ah so you're guessing. You think his intention was to always to instigate a hostile take over and so are stating that as fact. Show me where Musk stated his intention was always to buy all Twitter stock. Otherwise dowie its just your opinion. An opinion not backed by any facts. Yes maybe he did just want twitter shares, maybe he wanted them to get on the board.
 
Higher Than Average said:
@dowie so was he or was he not on the board? From @Colonel_Klinck post, it seems you're wrong.

Do you accept that is the case or have anything to show what you've said is correct regarding being a board member. As you've brought it up a few times when making a point, but when it's said your time line is wrong, you've glossed over it and not commented on that important bit.
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I spy a dowie hole in the horizon.

Clearly the board voted to add Musk to the board and he accepted that board seat. At that point he is effectively a board member. The fact he then fell out with the CEO and said he didn't want the board seat after all is irreverent.
 
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