Good morning to our new overlord!

[Suff]

'Good morning to our new overlord!': Woke Twitter employees vent their fears over Elon Musk's vow to make 'significant' changes on platform after admitting his $3b investment for 9% of shares is NOT passive

I'm all broke up that the Woke brigade just "woke" up to the fact that they might actually need to care about whether someone doesn't like their agenda....

Heartbreaking to see a sliver of reality break through.

NOT!

[cromwell]

Twitter and Facebook have way too much power, far more than any press baron ever had.
Their dominance means that a few people in Southern California have appointed themselves the moral arbiters of the world; and as their world is the woke world it's not one that I like.
If Musk can make them more reflective of the real world, then good.

[Suff]

That would appear to be the goal.

I must admit these Woke people seem to think they are fireproof. Nobody in Tesla or SpaceX would ever write anything like this openly. There is only one possible result of challenging Musk in this way. Out of interest, Musk is the biggest shareholder in both with 17% of Tesla and 78% of voting stock in SpaceX.

I did read that Twitter tried to block him from taking over by giving him a seat on the board with a pre condition that he doesn't acquire more than 15% of shares. I assume he can step down from the board and simply buy the company if Tesla shares jump again and double his effective wealth, however even if he can't, the block is only for 2 years. Note Musk doesn't have a lot of cash money. However he was required to sell shares to exercise his Tesla options in Jan/Feb as he doesn't have the cash to buy them outright. He sold a lot more than he needed to and now we know why.

The big shock for Twitter will be that their biggest shareholder actually knows how to code this stuff himself, can't be fed BS and has a Hire Fire ethic of Ghengis Khan. The guy is a visionary, an incredibly talented professional and he is driven in a way most people are not. He also has 80m twitter followers. Oh and most people won't really like him and he really doesn't give a crap if they do or not.

That does not bode well for existing Twitter Wokes working for the company.

They have a window of time till the Texas Gigafactory opening fair finishes by tomorrow then they are going to get the full effective focus of a hard driving largest shareholder.

This may run for a while, but by this time next year the Tesla and SpaceX values are going to be so high that his own personal wealth will be something like 20x the value of Twitter. The risk of him stepping down from the board, buying 51% of the company and dismissing the CEO, Board and half the management is going to be like a flashing red strobe.

I'm going to enjoy watching this unfold.