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Joined 1 year ago
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Cake day: July 30th, 2023

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  • OP was spouting a bunch of nonsense implying that Elon tanking Twitter’s value somehow was going to end up with him profiting.

    In the United States, publicly traded companies have responsibilities to timely and accurately report their financials. By Elon taking the company private, Twitter no longer has those fiduciary requirements.

    That’s why I was pointing out how stupid OP was being, and banging on so hard on the public vs private company thing. Elon has, by all accounts, lost tens of billions of dollars in this whole ordeal.

    Because he’s lost so much money I find it incredibly ridiculous people think this is some kind of conspiracy. Less people use it, the company is looked upon less and less favorably, and it’s reputation is in tatters. If you’re trying to make a platform to brainwash people into being racist the last thing you’d want is LESS people using it




  • The fiduciary and reporting responsibilities of public companies are drastically different than private.

    Musk bought all of the shares, then took the company private, meaning all of those fiduciary and reporting responsibilities are no longer required.

    Your understanding how public and private companies in the United States work is lacking.

    What is public? A 501c3? c6? A government run organization like the post office? What legal and compliance frameworks did Twitter have to follow when it was publicly traded vs now when it’s not publicly traded. In your terms it was “private” in both instances. So please, educate me. How is Twitter different now