Re:Twitter set to accept Musk's $43B offer – sources
by giarc on Monday April 25, 2022 @10:30AM
(#31155359)
Twitters stock price has been flat since IPO... I think the board and shareholders have been ok with them thinking long-term seeing as how they have 0 returns.
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Re:Twitter set to accept Musk's $43B offer – sources
by EricE on Monday April 25, 2022 @11:15AM
(#31156042)
The board barely owns any stock, and all collect a pretty healthy salary for basically doing nothing. I think I saw Elon tweet eliminating the board would save $3M a year and looking at the chart of board members and their payments it seems about right.
Judging by their past actions they were far more interested in using Twitter as a propaganda platform than worrying about it making money.