JRP3
Hyperactive Member
Not TSLA share holders. Best outcome for us is he gets out of the deal as cheaply as possible and buys back as many shares as he can.
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Elon & Twitter
- Thread starter Buckminster
- Start date
- Status
Daniel in SD
(supervised)
Yeah, I guess I should have been more precise. The majority of TSLA shareholders who post on TMC will consider it a victory. Obviously the best financial outcome for TSLA shareholders is if he doesn't own Twitter and works with renewed focus and a better understanding of his strengths and weaknesses.
JRP3
Hyperactive Member
That's basically all the time. He already has 4 companies dividing his mind, along with other random fixations like population.
Daniel in SD
(supervised)
Third notice of termination due to $7 million Mudge wrongful termination settlement.
I'm a little bit mystified by this one. Section 6.1(e) says:
Wrongful termination settlements are pretty normal and $7.75 million dollars doesn't seem material to a $44 billion deal.
Also don't understand the claim that it can't be cured. Can't it be cured by discounting the price by $7.75 million?
I'm a little bit mystified by this one. Section 6.1(e) says:
Wrongful termination settlements are pretty normal and $7.75 million dollars doesn't seem material to a $44 billion deal.
Also don't understand the claim that it can't be cured. Can't it be cured by discounting the price by $7.75 million?
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Daniel in SD
(supervised)
Daniel in SD
(supervised)
Ok, I figured out the most entertaining outcome.
April 25th: Musk signs the merger agreement promising not to make any defamatory statements about Twitter and that he cannot terminate the agreement if he himself is already in breach of the agreement.
May 16th: Elon sends infamous poop emoji tweet.
June 28th: Twitter agrees to pay "Mudge" $7.75 million severance, a material breach of the merger agreement.
The trial will come down to whether or not the poop emoji tweet is defamatory.
April 25th: Musk signs the merger agreement promising not to make any defamatory statements about Twitter and that he cannot terminate the agreement if he himself is already in breach of the agreement.
May 16th: Elon sends infamous poop emoji tweet.
June 28th: Twitter agrees to pay "Mudge" $7.75 million severance, a material breach of the merger agreement.
The trial will come down to whether or not the poop emoji tweet is defamatory.
Daniel in SD
(supervised)
Data Security at Risk: Testimony from a Twitter Whistleblower | United States Senate Committee on the Judiciary
United States Senate Committee on the Judiciary
www.judiciary.senate.gov
bkp_duke
Well-Known Member
This testimony is an absolute treasure trove.
"Twitter doesn't have a test environment, all development is done on the live system" . . . . WOW . . . just WOW. I'm speechless.
"Twitter doesn't have a test environment, all development is done on the live system" . . . . WOW . . . just WOW. I'm speechless.
jabloomf1230
Minister of Silly Walks
AlanSubie4Life
Efficiency Obsessed Member
It certainly seems that there will be plenty for Elon to clean up, so that Twitter is run smoothly and professionally, like Tesla.
Looking forward to it.
Naughtius Maximus certainly seems to be enjoying kicking the tires.
bkp_duke
Well-Known Member
This company is a dumpster fire. Even in my small cloud company, I have those controls in place.
The words "gross negligence" come to mind, if I were a shareholder. But I'm not, so I'll just sit by with popcorn and watch this dumpster fire unfold.
Elon must have been shocked!!....he probably thought only he did that....
Elon did do all the Zip2 programming on the production server; but to be fair, not while the server was live (only had one computer and it was too slow to do both).
Imagine if it were some automated vehicle steering program called, I don't know, "full self driving" or whatever, and they just rolled it out onto the actual live system of highways. Now that would be crazy!
bkp_duke
Well-Known Member
Big big difference, and you know it. Tesla pushes alpha code to employees and internal testers.
The whistleblower made it clear that Twitter doesn't have ANY internal testing systems, everything is done on the production systems.
Risk profile is vastly different as well. Twitter goes down and…?
I agree there should always be a sandbox. I ran a proprietary financial firm and we pushed changes into production for the first few years, and then on occasion afterwards. But we eventually built an actual sandbox.
bkp_duke
Well-Known Member
Another KEY difference: FSD brings up a dialog box informing users that they are beta testers and they give consent to be part of the beta group to test out new features but they acknowledge that the system requires supervision and the onus is on them.
Daniel in SD
(supervised)
The funny thing is that Mudge's story is an argument that Twitter is a good acquisition target, incompetent managers and bad incentive structures but I don't think he said anything bad about the engineers. Also, he made no claims that their financials were incorrect.
Some addictions lead to physical dependency and going cold turkey can cause death. We don't know what could happen.
Daniel in SD
(supervised)
Twitter also has a disclaimer:
5. Disclaimers and Limitations of Liability
The Services are Available "AS-IS"
Your access to and use of the Services or any Content are at your own risk. You understand and agree that the Services are provided to you on an “AS IS” and “AS AVAILABLE” basis. The “Twitter Entities” refers to Twitter, its parents, affiliates, related companies, officers, directors, employees, agents, representatives, partners, and licensors. Without limiting the foregoing, to the maximum extent permitted under applicable law, THE TWITTER ENTITIES DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS OR IMPLIED, OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. The Twitter Entities make no warranty or representation and disclaim all responsibility and liability for: (i) the completeness, accuracy, availability, timeliness, security or reliability of the Services or any Content; (ii) any harm to your computer system, loss of data, or other harm that results from your access to or use of the Services or any Content; (iii) the deletion of, or the failure to store or to transmit, any Content and other communications maintained by the Services; and (iv) whether the Services will meet your requirements or be available on an uninterrupted, secure, or error-free basis. No advice or information, whether oral or written, obtained from the Twitter Entities or through the Services, will create any warranty or representation not expressly made herein.- Status
