3 ms·

This makes no sense to me. If the reporting is correct he screwed up by sending the Tweet without having an actual deal or planning in place. I’m hugely inspir

This makes no sense to me. If the reporting is correct he screwed up by sending the Tweet without having an actual deal or planning in place. I’m hugely inspired by the guy and think he’s brilliant to the point of being a bit of a fanboy, but I also think everyone should have to follow the law and play by the rules even if they are brilliant.

deleted 8y ago
[deleted]
pbreit 8y ago
He had planned it including a communication to the board. he had talked to at least 1 investor plus himself so felt he could round up the funding. His other company has overcome the shareholder limit. He said he was “considering” it. It was twitter. Shareholders are much better with him at the helm. Etc, etc.
- jonathankoren 8y ago
  This is simply not true. Having a hunch you can get some money, is not securing funding. This is just like when Bart Simpson tells Milhouse he can read lips, and then admits he doesn't know what's being said. ("I thought you said you could read lips!" "I thought I could!")[0] It's fraud. He said "funding secured" after an initial 30 minute chat. That's not a deal. That's not even a verbal agreement to make an LOU. He also did this without telling anyone on the board. The SEC even released text messages from the board and staff that directly asked him after his tweet "Is this true?" Asserting shareholders are better with him, is highly debatable. He has run 3 companies simultaneously, put his brother in charge of one, and then when it started to fail, bailed it out with a merger with one of his other companies, then promptly spun up a third company because apparently he has to have three. The celebrated car company has serious logistics and manufacturing problems, and is deeply in debt, and doesn't make a profit. Ironically, what might be his most successful venture isn't even public. [0] https://deadhomersociety.com/2013/06/18/quote-of-the-day-1552/ https://deadhomersociety.com/2013/06/18/quote-of-the-day-155...
  - pbreit 8y ago
    I'm not sure why anyone would think a tweet that included "considering" would constitute a "deal". The tweet came from IR, not the board. The board had been apprised of his considerations.
dnautics 8y ago
> I also think everyone should have to follow the law and play by the rules even if they are brilliant. Would you say that "everyone should have to follow the law" as justification for the police choke-holding and killing a person selling loosies (loose cigarettes) on the corner?

deleted 8y ago

[deleted]

pbreit 8y ago

He had planned it including a communication to the board. he had talked to at least 1 investor plus himself so felt he could round up the funding. His other company has overcome the shareholder limit. He said he was “considering” it. It was twitter. Shareholders are much better with him at the helm. Etc, etc.

jonathankoren 8y ago
This is simply not true. Having a hunch you can get some money, is not securing funding. This is just like when Bart Simpson tells Milhouse he can read lips, and then admits he doesn't know what's being said. ("I thought you said you could read lips!" "I thought I could!")[0] It's fraud. He said "funding secured" after an initial 30 minute chat. That's not a deal. That's not even a verbal agreement to make an LOU. He also did this without telling anyone on the board. The SEC even released text messages from the board and staff that directly asked him after his tweet "Is this true?" Asserting shareholders are better with him, is highly debatable. He has run 3 companies simultaneously, put his brother in charge of one, and then when it started to fail, bailed it out with a merger with one of his other companies, then promptly spun up a third company because apparently he has to have three. The celebrated car company has serious logistics and manufacturing problems, and is deeply in debt, and doesn't make a profit. Ironically, what might be his most successful venture isn't even public. [0] https://deadhomersociety.com/2013/06/18/quote-of-the-day-1552/ https://deadhomersociety.com/2013/06/18/quote-of-the-day-155...
- pbreit 8y ago
  I'm not sure why anyone would think a tweet that included "considering" would constitute a "deal". The tweet came from IR, not the board. The board had been apprised of his considerations.

dnautics 8y ago

> I also think everyone should have to follow the law and play by the rules even if they are brilliant. Would you say that "everyone should have to follow the law" as justification for the police choke-holding and killing a person selling loosies (loose cigarettes) on the corner?