OT: Elon Musk rejects Twitter board seat

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Kevin M.

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Apr 10, 2022, 11:53:03 PM4/10/22
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After spending the weekend Tweeting nonsensical ideas about the social media network, he was offered a seat on the board, but he refused. 

This is going to blow up like a SpaceX rocket or a Tesla battery. 
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Kevin M. (RPCV)

David Bruggeman

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Apr 11, 2022, 12:05:57 AM4/11/22
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Not that Musk was a paragon of good business before, but I think he glided off the rails once he toked up with Joe Rogan on that podcast.  It started to be a lot of doing stuff just to see what would happen, which isn't great.

Not that the SEC is supposed to be a check against rich CEOs going through a midlife crisis, but that seems to be what they've had to do with Musk.

David

Doug Eastick

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Apr 11, 2022, 8:44:00 AM4/11/22
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I don't have much of an opinion on the guy other than "often very different".  However, his Starlink internet service, which I use is freaking amazing both from a performance and implementation* standpoint.

implementation* -- there's a 1000 freaking satellites flying overhead and every few minutes my Dishy connects from one to the other and maintains ~60 ms latency to the internet.-   (image legend:
* blue dots - satellites
* orange - ground base stations connected to internet via fibre
* green/yellow circle - my Dishy
* green ellipse - field of view of my Dishy
* dotted lines - possible Line of Sight connections from satellite to my Dishy or ground station.

image complements of starlink.sx


image.png

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Kevin M.

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Apr 11, 2022, 10:34:17 PM4/11/22
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Musk deleted some of his weekend Tweets. Too bad he didn’t just delete his account. 


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Kevin M. (RPCV)

M-D November

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Apr 14, 2022, 4:53:01 PM4/14/22
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And now, of course, this is happening.

Kevin M.

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Apr 14, 2022, 5:10:38 PM4/14/22
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Setting aside for a moment Musk’s history of saying and doing things in a blatant attempt to affect stock prices (which he has done to amuse himself, even though the result sometimes is a personal financial loss to he and his friends), for him to become the sole private owner of Twitter makes him liable for everything posted on Twitter. He would spend the rest of his life (and fortune) fighting civil suits. Hell, I’d consider suing him over my Grammy nominated stalker’s continued presence on Twitter, when she was suspended from the network for (among other things) personally threatening me, yet was able to freely create multiple accounts in her own (stage) name, in so doing violating Twitter’s TOS. 

I genuinely believe Musk is punking Twitter… but I don’t yet see what his end game is. 

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Kevin M. (RPCV)

David Bruggeman

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Apr 14, 2022, 5:17:35 PM4/14/22
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I have semi-seriously thought that whatever was in the pot Rogan convinced Musk to smoke on Rogan's podcast nudged Musk fully into the weird, occasionally self-sabotaging activity that's marked the last few years for him.

Musk has done some very beneficial things, and I think both SpaceX and Tesla will be net positives as companies.  (Starlink sounds like it could be as well.)  But past business success has never been a guarantee of future business acumen, or even common sense.

David

Kevin M.

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May 13, 2022, 12:08:11 PM5/13/22
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No social media company has allowed independent verification the total number of active users… it’s something I’ve asked for. Musk using it as an excuse to back out of (or put on hold) the sale feels like… well… an excuse. He’s jerking them around, and he’s losing a lot of people’s money and costing a lot of people their jobs in the process. 

In other words, he’s clearly gearing up to run for president… and I’m very afraid he’s going to win.


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Jim Ellwanger

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May 13, 2022, 12:13:54 PM5/13/22
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If nothing else, the good news is that he's not eligible to serve as president of the U.S., since he's not a native-born citizen.


Kevin M.

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May 13, 2022, 12:25:50 PM5/13/22
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I’m sure the Supreme Court will change the constitution to accommodate him 

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Kevin M. (RPCV)

Brad Beam

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May 13, 2022, 12:38:59 PM5/13/22
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Ah, but he was born in (South) Africa, so he falls under the Obama exemption. *wink*

Sent from my iPhone

> On May 13, 2022, at 12:13, Jim Ellwanger <trai...@ellwanger.tv> wrote:
>
> If nothing else, the good news is that he's not eligible to serve as president of the U.S., since he's not a native-born citizen.

PGage

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May 13, 2022, 8:12:48 PM5/13/22
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His Tweet may also be against the law (I suppose another recent qualification for President).




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Bob Jersey

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Jun 8, 2022, 6:54:31 PM6/8/22
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The thing that's held up the acquisition, Musk's ability to study internal data on spambots and fake accounts, was finally granted today (June 8th) after John Solak, who holds five shares of TWTR, sued in Delaware to get the info released...

M-D November, to Kevin M and Doug Eastick, April 14th:

Kevin M.

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Jun 8, 2022, 7:03:11 PM6/8/22
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Nothing has held up the sale, and to claim otherwise is to bolster Elon Musk, who does not need bolstering. I doubt the existence of internal evidence on spambots and fake accounts beyond what is already shared, for the very reason that Twitter would never want to be in a position to have to disclose it to anyone. Of course their count of active users is inaccurate, just as the counts of Facebook and Snapchat and every other social network are inaccurate. But that inaccuracy does not give Musk the right to back out of the sale, at least not without forking over a billion dollars first. 

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Kevin M. (RPCV)

PGage

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Jul 9, 2022, 12:00:14 AM7/9/22
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Surprising exactly no one, Musk tries to use the spam account red herring as an excuse to back out of the deal. This is almost certainly a losing argument, but may be an attempt to bully Twitter down on the price.

“In a regulatory filing prepared by his lawyers, Mr. Musk said he was terminating the Twitter deal because of a continuing disagreement over the number of spam accounts on the platform. He claimed that Twitter had not provided information necessary to calculate the number of those accounts — which the company has said is lower than 5 percent — and that it had appeared to make inaccurate statements.

“Twitter is in material breach of multiple provisions” of the deal agreement, Mr. Musk’s lawyers said in the filing, and the company “appears to have made false and misleading representations.”


https://www.nytimes.com/2022/07/08/technology/elon-musk-twitter.html?smid=nytcore-ios-share


Kevin M.

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Jul 9, 2022, 12:10:13 AM7/9/22
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Twitter’s stock price has dropped considerably. If the board accepted a lower sale price, I suspect stockholders would sue. 

I’d sue. 

As it stands, Musk will likely be sued for manipulating the stock market or possibly some sort of fraud. He’s lost a lot of money for a lot of people, and it feels as if he has done so deliberately. There’s a crime there somewhere, or at least a civil lawsuit.

I’d sue. 

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Kevin M. (RPCV)

PGage

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Jul 9, 2022, 12:42:08 AM7/9/22
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There will be lots of lawsuits before this is done. There is probably a number somewhere south of the initial offer that the Board would accept just to get it done, and would still be more than the stock was worth when he first started this. Folks would sue, but it would probably stand. 

If. We’re on the Board I would insist on every dollar he promised to buy Twitter for, collect the one billion if he refused, and then sue him anyway.

Bob Jersey

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Oct 4, 2022, 3:12:00 PM10/4/22
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Musk to accept original offer after all.
B

PGage, to Kevin et al, July 9th:

PGage

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Oct 11, 2022, 9:24:09 PM10/11/22
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And today the putative new head of Twitter removed all doubt about his other job as Putin’s Chief Ball-washer…


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