Quote:
Originally Posted by DoubleK
I can't believe the board adopted a poison pill.
Talk about a case of looking out for their interests vs the common shareholders.
|
That company is so bizarre though. I love Twitter, and I think it's amazing. It gets used for some incredibly useful purposes and when there is actual news happening, it's phenomenal (not that there are no pitfalls along with that, or course). But they're also completely tone-deaf. Is it really that hard to have an edit button? It can't possibly be, and people have wanted that for years. Could they not have a "subscription" and make it ad-free? Of course. And it would be wildly popular if you priced it right.
Overall though, it's amazing to me that you have this useful, mainstream piece of technology and they've completely failed at monetizing it and responding to user-needs in almost any capacity. I'm not saying that Musk would be the saviour, but what in the world has that board been doing?
And in looking at some of the positions that the board members have in the stock is just hilarious. The percentages are very small, and I think some of them have like 70 shares or ridiculous things like that. No wonder there is no push to improve. That poison pill could let them double their ownership all the way to $7000. It's preposterous.