Re:Elon Musk to join Twitter’s board of directors
by next_xibalba on Tuesday April 05, 2022 @01:25PM
(#30921960)
What is the substantive effect on the public (aka "investors") if this value in this field on this form was incorrect?
This is a tempest in a teapot. People who don't like Musk are pointing to it and saying, "See? SEE!? He is a liar. He is bad."
But the reality is, this doesn't actually hurt anyone and its not really a big deal at all.
But let's take the least charitable interpretation and play it out: Musk filled out the form himself. He intentionally with malice aforethought lied. The day after the SEC form becomes public, he takes a board seat. What is the material damage done to the public?
Twitter shareholders got a huge 2-day pop. That would have happened regardless of Elon's intent.
This is a tempest in a teapot. People who don't like Musk are pointing to it and saying, "See? SEE!? He is a liar. He is bad."
But the reality is, this doesn't actually hurt anyone and its not really a big deal at all.
But let's take the least charitable interpretation and play it out: Musk filled out the form himself. He intentionally with malice aforethought lied. The day after the SEC form becomes public, he takes a board seat. What is the material damage done to the public?
Twitter shareholders got a huge 2-day pop. That would have happened regardless of Elon's intent.