Re:Twitter has officially changed its logo to ‘X’
by Veliladon on Monday July 24, 2023 @11:34AM
(#36849666)
> I just don't really understand why nobody is angry at the old Twitter board for signing the deal in the first place.
Because when some idiot billionaire gives you a premium on an already overinflated stock you sign that deal or you get sued into oblivion by the institutional investors who will use their giant pile of money to bury you for letting the deal of the decade get away.
I just don't really understand why nobody is angry at the old Twitter board for signing the deal in the first place. Yes, Musk was trolling and yes, they have apparently an obligation towards their shareholders to get a good deal for the invested money. But still, the investors in Twitter valued money first and "Twitter's role as global message board" had a lower priority.