Twitter CEO Parag Agrawal says Elon Musk has decided not to join Twitter's board despite being offered a seat
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. https://twitter.com/...
@paraga Parag Agrawal
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Discussion
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@reckless
Nilay Patel
on x
I have also decided not to join Twitter's board
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@neilcybart
Neil Cybart
on x
Elon Musk decided not to join Twitter's board. As I've been saying, Musk and boards of directors don't match. His decision to join the board never made sense. This message from Twitter's CEO suggests rough seas ahead for Twitter with Musk as its largest shareholder. https://twitt…
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@hunterw
Hunter Walker
on x
This statement says the company believed two completely opposite things were “the best.” https://twitter.com/...
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@nycsouthpaw
@nycsouthpaw
on x
Musk and Twitter signed a standstill, they gave and received valuable consideration, he arguably breached it all of five days later, and the company is like “oh cool, it's for the best” https://twitter.com/...
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@trungtphan
Trung Phan
on x
Elon and Twitter's board, explained https://twitter.com/...
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@loganbartlett
Logan Bartlett
on x
Elon Musk realizes public board seats are very administrative and pretty dull.
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@anthony
Anthony DeRosa
on x
Elon Musk appears to have filed an amended 13D regarding his Twitter stock purchase, making him an active investor and may engage in talks with Twitter: https://www.sec.gov/... https://twitter.com/...
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@alexweprin
Alex Weprin
on x
Elon Musk just filed an amended Twitter holdings report with the SEC. Includes this new bit: “[Musk] may express his views to the Board... and/or the public through social media or other channels with respect to the Issuer's business, products and service offerings.”
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@willchamberlain
Will Chamberlain
on x
Elon Musk didn't buy 10% of Twitter for the honor of sitting on its board, he has enough honors He bought those shares to force changes at the company
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@alfonslopeztena
@alfonslopeztena
on x
How to manipulate the market in plain sight in a week and get away with the money and no criminal consequences: Twitter shares rose 27% last Monday, when Musk said “A”. By the end of the week, shares were up 17%. When Musk said “A” was false, went down 7% https://www.theguardian.…
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@ruchowdh
Rumman Chowdhury
on x
I've kept quiet since the announcement because I wanted to give Twitter leadership a chance to do right by it's employees, and they did. Thank you. https://twitter.com/...
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@semaforben
Ben Smith
on x
Pretty wild just to go with innuendo in this particular context https://twitter.com/...
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@symonedsanders
Symone D. Sanders
on x
If it wasn't the background check, this statement was wildly irresponsible. If it was the background check, this statement was wildly irresponsible. https://twitter.com/...
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@tha_rami
Rami Ismail
on x
Glad to hear Twitter is taking advice from *checks notes* a questionable billionaire that backs out of something he wanted as soon as the words “background check” got involved https://twitter.com/...
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@sherman4949
Alex Sherman
on x
He can say more of what he wants; he can buy more shares; he can try a hostile takeover; he can tweet about how he'll try a hostile takeover and not try
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@sherman4949
Alex Sherman
on x
I imagine it's simply more fun for Musk not to be on the Twitter board.
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@thestalwart
Joe Weisenthal
on x
This is what lots of people are wondering, whether this opens the door to a hostile takeover, or something like that. https://twitter.com/...
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@durranimix
Arif Durrani
on x
Better to have him inside the tent ... does Musk have bigger plans for Twitter after declining board offer? https://twitter.com/...
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@thestalwart
Joe Weisenthal
on x
Twitter has erased its losses https://twitter.com/...
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@byyourlogic
@byyourlogic
on x
tons of people whose companies aren't cartel money laundering operations have this happen to them. not a huge deal https://twitter.com/...
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@neilcybart
Neil Cybart
on x
Safe to assume Musk and Twitter's board didn't agree on much. Musk then realized the board was trying to contain/control him by inviting him on the board. Also, there were SEC implications to consider by going to board meetings and then tweeting about them. Now he can just tweet.
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@radishharmers
Sridhar Ramesh
on x
This will all be resolved in a week. Elon will join the board on 4/20. https://twitter.com/...
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@neilcybart
Neil Cybart
on x
As for what's next for Musk & Twitter, LOL - it's Elon Musk. He doesn't even know what he will do next. 1) Could increase his Twitter stake (with goal of changing the board the old fashioned way) 2) Could sell his stake. “It's unfixable.” (which would be more right than wrong)
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@mikeisaac
@mikeisaac
on x
absolutely amazing. elon just completely yanking this company around for....???? https://twitter.com/...
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@carnage4life
@carnage4life
on x
Twitter's entire board now supportive of adding that Edit button. https://twitter.com/...
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@meowmeowmeuw
@meowmeowmeuw
on x
i love that he made like 10 tweets about how he was joining the board and going to change everything on twitter, he was excited lol https://twitter.com/...
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@allahliker
@allahliker
on x
only important explanatory word in here is fiduciary https://twitter.com/...
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@mikeisaac
@mikeisaac
on x
story update coming but if you parse the note, here's the key phrase: “We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward”
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@sherman4949
Alex Sherman
on x
Since Elon Musk likes Twitter polls: Do you want Elon Musk to attempt to acquire Twitter?
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@sarahfrier
Sarah Frier
on x
“There will be distractions ahead” “Let's tune out the noise”
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@migueldeicaza
Miguel de Icaza
on x
This is odd, the founder of Twitter is no longer going to get a seat at the board. https://twitter.com/...
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@sarahfrier
Sarah Frier
on x
Woah https://twitter.com/...
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@gknauss
Greg Knauss
on x
I am shocked—shocked!— that Elon Musk made an elaborate public display of promising to do something and then failed to follow through.
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@kurtwagner8
Kurt Wagner
on x
In the past week, Elon: * Was invited to join Twitter board * suggests Twitter user numbers are inflated by bots * asks if Twitter is “dying” * asks if Twitter should turn HQ into a homesless shelter * rejects Twitter's board offer Absolutely bonkers
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@karaswisher
Kara Swisher
on x
Short translation and this is all guesses: key words here are fiduciary (tweets), background check (sec), distraction (this ain't over) and in our hands (maybe not in our hands) https://twitter.com/...
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@nickbilton
Nick Bilton
on x
My take on this is that Musk (who now owns 9.2% of Twitter) can't own more than 14.9% of the company if he's on the board, and for 90 days after. It's clear he might have other plans. https://twitter.com/...
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@carnage4life
@carnage4life
on x
$3B later and it's implied Elon decided not to join the Twitter board after being told he has to pass a background check. A troll getting trolled. This is an epic farce. https://twitter.com/...
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@jason_kint
Jason Kint
on x
I wonder how people who purchased shares of Twitter last week are feeling tonight.
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@mgsiegler
M.G. Siegler
on x
I'm coming late to this but Jesus Christ this is a fascinating statement for like 25 different reasons. But the main ones revolve around “fiduciary” and “background check”. These are very intentional statements! https://twitter.com/...
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@mikeisaac
@mikeisaac
on x
something else worth noting: Elon's “stand still” agreement — not to purchase more than 14.9 percent of Twitter's outstanding shares OR perform a hostile takeover of the company — was contingent upon his joining the board. Now all bets are off. We'll see what next week brings.
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@alexstamos
Alex Stamos
on x
@karaswisher Having <15% and one seat might have been the worst position for Elon, since his official power is very limited and he's open to shareholder lawsuits when he screws around. Going for >50% is probably his target. Let's see if TW's board adopts poison pills this week.
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@alexeheath
Alex Heath
on x
Was it because of the restriction on increasing his stake? Legal risk? Boredom? Maybe @elonmusk will tweet to let us know https://twitter.com/...
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@caseynewton
Casey Newton
on x
Elon should still do the Q&A with Twitter employees. He owes us that much
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@loudmouthjulia
Julia Alexander
on x
More exciting moments have happened within Twitter's operations (as opposed to exciting moments happening on Twitter) in the last five days than in the last few years.
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@levie
Aaron Levie
on x
Twitter should really make you pay extra for this kind of drama. https://twitter.com/...
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@semil
@semil
on x
Like an original Netflix series. Twitter for now will surf the waves of being a meme stock. Elon could sell. Someone new could do the same. Choose your own adventure. https://twitter.com/...
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@tculpan
Tim Culpan
on x
What a wild week. Now @paraga tells us @elonmusk won't join Twitter's board. @jack says he'd been keen for a while for that to happen. This might be quite the disappointment. Would be great to know Jack's thoughts now. A huge blow? or minor setback? https://twitter.com/...
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@mgsiegler
M.G. Siegler
on x
This has to be the most Twitter thing that has ever happened to Twitter. And there are at least a few dozen examples over 15+ years. https://twitter.com/...
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@jangles
Neville Hobson
on x
Even if no board seat, Musk should still do the #AMA with Twitter employees. In the public glare, don't stop now! https://twitter.com/...
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@mikeindustries
Mike Davidson
on x
LOL. That didn't take long. I guess we will never know... 🍿 https://twitter.com/...
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@kfury
@kfury
on x
That's a lot of Chekhov's Guns for one email. https://twitter.com/...
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@tamoorh
Tamoor Hussain
on x
Elon: I wish to be on the board Twitter: Sweet, we'll get to work on the background check Elon: I do not wish to be on the board https://twitter.com/...
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@vladsavov
Vlad Savov
on x
“There will be distractions ahead” is accurate. https://twitter.com/...
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@josephwulfsohn
Joseph A. Wulfsohn
on x
Elon Musk deleted this cryptic tweet after it was announced he won't be joining Twitter's board of directors... https://twitter.com/...
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@samir_madani
Sam
on x
Elon also deleted a poll he ran, asking if he should convert Twitter HQ into a homeless shelter because it is is constantly “empty”. https://twitter.com/...
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@russellbrandom
Russell Brandom
on x
It's been deleted, but Elon tweeted this on the morning the board seat fell through https://twitter.com/...
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@tanktds
@tanktds
on x
@paraga Let me break this down for you: Elon became largest shareholder for Free Speech Elon was told to play nice and not speak freely @elonmusk #Twitter #ElonMusk
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@wsj
@wsj
on x
Elon Musk appears to have deleted some tweets taking aim at Twitter amid his decision not to join the social-media company's board. Over the weekend, the Tesla CEO tweeted criticisms, suggestions and apparent jokes about Twitter. https://www.wsj.com/...
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@elonmusk
Elon Musk
on x
Convert Twitter SF HQ to homeless shelter since no one shows up anyway
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@elonmusk
Elon Musk
on x
Delete the w in twitter?
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@elonmusk
Elon Musk
on x
Everyone who signs up for Twitter Blue (ie pays $3/month) should get an authentication checkmark
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@elonmusk
Elon Musk
on x
@PPathole Price should probably be ~$2/month, but paid 12 months up front & account doesn't get checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam
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@elonmusk
Elon Musk
on x
But it's not very useful. I turned it off. Also, there is this annoying “Reader” bar that now shows up below every tweet.
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@bigcheesekit
@bigcheesekit
on x
Everyone is gonna sign up for 1 month JUST to get a checkmark. https://twitter.com/...
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@jacobwolf
Jacob Wolf
on x
Even though it'd cost me money, I like @profgalloway's idea of charging public figures and corporations a monthly service fee that scales with your following. Twitter is mostly for PR anyhow. https://twitter.com/...
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@garywhitta
Gary Whitta
on x
I see the absolutely terrible ideas have already begun. https://twitter.com/...
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@parkermolloy
Parker Molloy
on x
These guys really want to make Twitter into the type of cesspool Facebook has become. Which, hey, if that's what they want, good for them. But just as I haven't logged into Facebook in probably a year, I imagine that'll happen with Twitter for a lot of people, as well. https://tw…
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@tedcruz
Ted Cruz
on x
Bold new leadership. https://twitter.com/...
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@elonmusk
Elon Musk
on x
Blue already has a modifiable 20 second time to edit tweet feature
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@th3j35t3r
@th3j35t3r
on x
This is not a serious person. Twitter is a plaything for his ego. https://twitter.com/...
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@tomfitton
Tom Fitton
on x
.@ElonMusk would be in jail if @Tesla lied about its cars the way @Twitter, @Facebook, and @Google/@YouTube lie about their censorship.
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@kgreifeld
Katie Greifeld
on x
this man is 50 years old https://twitter.com/...
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@leah_boustan
Leah Boustan
on x
Sorry @elonmusk - it's been a busy semester https://twitter.com/...
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@ppathole
@ppathole
on x
@elonmusk Elon, what happens after that monthly subscription ($3/month) comes to an end or is over? Would “people” still be able to keep their verification check mark? Or the subscription has to be renewed in order to get that check mark back again?
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@muddywatersre
@muddywatersre
on x
Or they can volunteer through Alexa. (Sarcasm.) https://twitter.com/...
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@kantrowitz
Alex Kantrowitz
on x
How about anyone who confirms their phone number https://twitter.com/...
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@sollenbergerrc
@sollenbergerrc
on x
If Elon Musk leaves Twitter in like a year to start his own platform, which we should remember was his original threat, do they Men-In-Black his brain? https://twitter.com/...
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@mayavada
@mayavada
on x
Elon Musk being Elon Musk. Twitter doesn't even own the building. Like anything in SF, this was a real estate scheme with a big payoff. Shorenstein bought it for $110 million in 2011, and turned around and flipped for $800 million in 2015, after tax breaks lured Twitter. https://…
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@cliffschecter
Cliff Schecter
on x
Change the “k” in Musk to “h?” ...and then also maybe change the E-L-O-N to B-R-A-I-N? https://twitter.com/...
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@pamkeithfl
@pamkeithfl
on x
A stupid idea form a man who thinks money makes your ideas palatable. Just like him to suggest buying legitimacy. Already making twitter (he wants it to be called “titter” because he's THAT much of a macho douche), a dumber, more a-hole-ish place. https://twitter.com/...
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@shanley
@shanley
on x
Marc, I hope you have been well. I was just wondering how much land/real estate you own in SF/Silicon Valley. I'm sorry for the recent death of your father-in-law. However, I think it brings up inheritance questions as he was the largest landowner in SF. https://twitter.com/... h…
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@andyostroy
Andy Ostroy
on x
Say what you want about @elonmusk, but he's obviously bringing a new level of class, critical thinking and maturity to Twitter... https://twitter.com/...
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@vladsavov
Vlad Savov
on x
Do you ever get the sense that the peak of human civilization is behind us? https://twitter.com/...
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@pnjaban
Harmeet K. Dhillon
on x
This is so true. https://twitter.com/...
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@newatlantissun
@newatlantissun
on x
Is Elon the only billionaire actually spending money on something cool like becoming a physicalized trickster chaos spirit? Jeff's clock is neat but it doesn't compare with Sulla level trolls of despised middle management types https://twitter.com/...
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@dsilverman
Dwight Silverman
on x
Pro tip for @twitter C-suite: Just because Elon says it doesn't mean you must do it. He can be ignored (blasphemy, I know). Verification is to insure identity, not indicative of a payment. Keep it that way. Elon Musk suggests Twitter Blue overhaul https://www.axios.com/...
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@kruse
Kevin Kruse
on x
God I'd hate to be the Twitter CEO right now. Half his time will be spent managing Elon chaos https://twitter.com/...
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@elonmusk
Elon Musk
on x
@GonzaAbalos Yes, should be proportionate to affordability & in local currency
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@danlesac
@danlesac
on x
Is Elon trying to tank Twitter's share price so he can buy more or something? https://twitter.com/...
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@jason
@jason
on x
And... just like that, Twitter has $300m in additional yearly revenue — 👏 @elonmusk 👏 https://twitter.com/...
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@pmarca
Marc Andreessen
on x
I'm so old, I remember when Twitter specifically chose the SF Tenderloin district for their HQ to try to help revitalize the long-disastrous area, and then promptly got blamed for all the carnage and chaos instead. https://twitter.com/...
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@joelkatz
@joelkatz
on x
This actually makes a lot of sense. It would make Twitter a lot more money and would make it much more expensive to get your bots to compete with active, paying users. https://twitter.com/...
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@carnage4life
@carnage4life
on x
Randomized is actually not strong enough to describe the chaos energy that's about to hit every product roadmap at Twitter. https://twitter.com/...
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@manakgupta
Manak Gupta
on x
This man will ruin Twitter https://twitter.com/...
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@carnage4life
@carnage4life
on x
Twitter's largest shareholder asking why people who tweet less than him have more followers than him is a great sign of how randomized Twitter employees are going to be over the next couple of months.
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@chandrarsrikant
Chandra R. Srikanth
on x
Wonder what's going on in the CEO's mind. Elon has made him almost irrelevant https://twitter.com/...
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@reuterstech
@reuterstech
on x
Musk proposes Twitter Blue subscription shake-up days after disclosing 9.2% Twitter stake https://www.reuters.com/... https://twitter.com/...
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@slpng_giants
@slpng_giants
on x
We're going to be subjected to this forever, aren't we? https://twitter.com/...
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@shaig
Shai Goldman
on x
Make him the CEO of Twitter https://twitter.com/...
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@jeffbezos
Jeff Bezos
on x
Or do portion. Worked out great and makes it easy for employees who want to volunteer. https://www.geekwire.com/... https://twitter.com/...
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@pmarca
Marc Andreessen
on x
Every other desk? https://twitter.com/...