About the Twitter acquisition deal: it’s clear now who Musk is and what politics he espouses (e.g. the recent “peace proposal” for Ukraine) - nevertheless Twitter board only cares that the proposed price is good and consents to acquisition. Good for users? Board doesn’t care.
@fabio Agree, but should not be surprised. The board of any for-profit company is responsible to the shareholders, not the customers. So, getting the best price per share in this situation is their job.
Not that I like or agree with it. But it needs to be pointed out.
@patrickrhone I would argue that responsible stewardship of shareholder resources includes paying attention to the customer perspective and other factors that could affect future company value. I seem to be in the minority here.
@fgtech well, yes, good boards should do that. But, in this particular case even if this board was good (it’s not) Musk is clearly stated he plans to take the company private so it really doesn’t matter. If that is indeed his intention, then the board’s responsibility in this case is to get the best price per share they can.
@patrickrhone Oh, fair point. I was so busy climbing on my high horse I forgot what company we were talking about here. Cashing out is probably the best move for anyone invested in Twitter.