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Re:Ask HN: What happened to Twitter poison pill? by jmyeet on Monday April 25, 2022 @08:44PM (#31162697)
Sorry but this is utter nonsense.

51% of a company is not some magic ticket that allows you to do basically anything (including screwing the other 49%). It just doesn't work that way. There are certain thresholds that allow you to do more and more things but if you're in control of a company you still have a fiduciary duty to the other shareholders, even small minority shareholders. This is why minority shareholder lawsuits are a thing. This is what makes the entire corporation system work otherwise the 51% would be constantly screwing over the 49%.

Take your example: if you buy 51% of the shares for $50/share and then try and merge at an effective $25/share. Well, that's illegal because you've failed your fiduciary duty to the 49%. You're effectively trying to steal from them.

Also, you can't just acquire 51% of a company. There are rules about that too. There are thresholds here too. IIRC more than 5% and you have to inform the market of taking a large position. More than (IIRC) 10-20% and you have to launch a formal takeover offer. There are rules about how that works too.

Re:Ask HN: What happened to Twitter poison pill? by dang on Monday April 25, 2022 @08:59PM (#31162785)
> Sorry but this is utter nonsense.

Can you please make your substantive points without name-calling? There's a site guideline that asks you to do just that.

"When disagreeing, please reply to the argument instead of calling names. 'That is idiotic; 1 + 1 is 2, not 3' can be shortened to '1 + 1 is 2, not 3."

https://news.ycombinator.com/newsguidelines.html

Re:Ask HN: What happened to Twitter poison pill? by fennecfoxen on Monday April 25, 2022 @09:06PM (#31162834)
If that guideline is meant to cover the words “utter nonsense” it is not intuitive to anyone
Re:Ask HN: What happened to Twitter poison pill? by saxonww on Monday April 25, 2022 @09:18PM (#31162914)
I think the point is that you can strongly disagree with a statement without painting its author as incompetent. Regardless of whether that was the intent, that's certainly how it reads.
Re:Ask HN: What happened to Twitter poison pill? by twayt on Monday April 25, 2022 @09:32PM (#31163008)
Going one step further, you can strongly disagree with a statement without attaching a value judgement to the other person's argument.

In spirit, this rule should hold even if you aren't attacking the author directly but are disparaging the value of their perspective.

That is simply unnecessary and you can just refute the point directly.

Re:Ask HN: What happened to Twitter poison pill? by dang on Monday April 25, 2022 @10:57PM (#31163509)
I don't see much daylight between "utter nonsense" and "that is idiotic".
Re:Ask HN: What happened to Twitter poison pill? by swat535 on Tuesday April 26, 2022 @12:49AM (#31164024)
I think you are being too harsh on parent.

How is that worse than people literally calling each other's comments bullshit on HN?

Examples: https://news.ycombinator.com/item?id=6805295 https://news.ycombinator.com/item?id=5111959 https://news.ycombinator.com/item?id=6410617 .. and many more

Re:Ask HN: What happened to Twitter poison pill? by dang on Tuesday April 26, 2022 @01:11AM (#31164173)
It isn't worse - it's the same thing.
Re:Ask HN: What happened to Twitter poison pill? by jmyeet on Monday April 25, 2022 @09:06PM (#31162839)
What "name-calling" would that be exactly?
Re:Ask HN: What happened to Twitter poison pill? by quickthrower2 on Monday April 25, 2022 @09:28PM (#31162981)
I see "Sorry but this is utter nonsense" as ad hominem, a put down, with overtones of a dismissive "wiser" person dismissing out of hand what is said. That effect of this psychological slight outweighs the fact that they did back up their argument afterwards and didn't leave it as just an unsubstantial comment.

Kind of like a microagression: https://en.wikipedia.org/wiki/Microaggression, I think...

Human language and idioms are hard to create rulesets for. Probably "name-calling" is too specific, but "microagression" may not be understood by all. However it is sad if we need to lawyer the guidelines.

Re:Ask HN: What happened to Twitter poison pill? by twayt on Monday April 25, 2022 @09:35PM (#31163020)
No calling an argument "utter nonsense" doesn't imply anything about the person making the argument. You may think it is ad hominem but technically it simply isn't since it isn't directed to a person but rather their argument.

However, in this context, calling their argument "utter nonsense" is utterly unnecessary and only serves to up the ante.

Re:Ask HN: What happened to Twitter poison pill? by dang on Monday April 25, 2022 @10:50PM (#31163464)
It isn't just about being personal (though that's particularly bad). It's about not tossing in pejoratives and putdowns. The HN guidelines are clear about this:

"When disagreeing, please reply to the argument instead of calling names. 'That is idiotic; 1 + 1 is 2, not 3' can be shortened to '1 + 1 is 2, not 3."

We don't want name-calling (in this sense) because it leads to dumber, nastier internet discussion.

It's also particularly easy to avoid. If you take out its first sentence, the GP comment loses nothing but hostility and becomes a far better HN contribution.

https://news.ycombinator.com/newsguidelines.html

Re:Ask HN: What happened to Twitter poison pill? by twayt on Tuesday April 26, 2022 @03:31PM (#31172066)
I think you misunderstood my comment. I agree with the spirit of the rule and hold a similar view to what you explained.

I was pointing out to the commenter that while it was not technically as hominem, it is still not acceptable and doesn’t add anything to the discussion.

Re:Ask HN: What happened to Twitter poison pill? by dang on Tuesday April 26, 2022 @05:45PM (#31173574)
Oops, I think I might have replied to the wrong comment. Sorry about that!
Re:Ask HN: What happened to Twitter poison pill? by quickthrower2 on Monday April 25, 2022 @11:54PM (#31163777)
Good point (I might be replying to edited version?)
Re:Ask HN: What happened to Twitter poison pill? by twayt on Tuesday April 26, 2022 @03:31PM (#31172072)
There is no edited version
Re:Ask HN: What happened to Twitter poison pill? by mabbo on Monday April 25, 2022 @08:59PM (#31162783)
You may very well be right. As I said in another reply, I'm mostly quoting a delicious bit of writing Matt Levine published last week.

I suspect that none of what I said is easy or even likely- but I do believe the risk of such things is real and that's why the board set up a poison pill, to ensure they got a real deal and not something more aggressive.

Re:Ask HN: What happened to Twitter poison pill? by diegoholiveira on Monday April 25, 2022 @10:31PM (#31163355)
51% of valid votes is a magic number that allows you to do basically anything (including screwing the other 49%).
Re:Ask HN: What happened to Twitter poison pill? by bpodgursky on Monday April 25, 2022 @11:36PM (#31163679)
This is not true! Stock is not a blockchain!