I don't care for that guy. My problem is with everyone parroting rumours, spreading unsourced garbage and asserting stuff they cannot possibly know.
This seems like reddit thread.
And again, this isn't about Twitter but about the hivemind and virulent hate taking over a sane discussion.
I'd love to see that the same people overblowing this out of proportion say they were wrong if the tide turns and Twitter ends up being better. Not because I care for twitter but becuase I'd like to think this isn't just foaming-in-the-mouth hate.
The lawsuit from the previous management was to force Musk to go through with the sale when he tried to go back on the deal, they didn't make any attempt to stop the sale because they knew he was paying an absurd price.
I don't know that the board had much of a choice though, the best fiduciary sense for all current stockholders was to let him buy the company, what happens after that is of no concern to them. It's the perverse reality when a corporation only exists to make money for the shareholders.
It's free market capitalism, no? The fiduciary duty of the previous management was to its shareholders (as much as I hate that), if you subscribe to that line of thinking then the board and management did what was right for Twitter's shareholders: extract as much value as possible for the shareholders.
Don't think there was a better financial outcome for them.
Running fine just now. I waste a fair bit of time on HN and Twitter and remain unsure why Twitter needs 7000 people when HN does similar stuff with maybe two.
It’s over. Dead site running. Such a horrible loss.
Glad the stockholders are happy. This was clearly better than the lawsuit. /s