Loathe to be technical, but this is HN ... to the best of my 'definitely not a lawyer' knowledge, you are correct that Officers responsibility to shareholders (

Loathe to be technical, but this is HN ... to the best of my 'definitely not a lawyer' knowledge, you are correct that Officers responsibility to shareholders (i.e. 'internal') is greater than it is to their contractual obligations (i.e. 'external') ... but, there definitely is still a legal obligation to contracted customers, of which there are thousands. Ergo - this could very well sit within boundaries for their personal obligations. I know they're an YC company, so I don't want to ruffle anyone here, but I do think a class action lawsuit against Twitter is warranted, even if it has a shaky legal foundation. I believe that Twitter's actions - and the response - will be duly noted among M&A camps and the last thing we want is this to become standard practice. This is just 'bad acting' and it will come back to bite everyone here in startup-land. I risk my erstwhile happy HN account by getting into a fuss with pvg, but he indicated that we want to 'wait to find out what's happening' - I would argue that in light of Twitter's 'total and immediate blackout' the onus is upon them to provide forthright information, and that absent that, we can assume 'bad acting' given a total blackout without any information. Maybe we can use this as a lesson and the powers-that-be can provide some leadership, and possibly push towards a 'best commercial practice' like '120 days minimum notice' or something like that as a standard. This is exactly the community to do it in, as I frankly don't see where else anyone has any broad legitimate authority among early stage startups such as it exists here.