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$10M position in what is essentially the leaking sewer of the Internet? I thought he was smarter than that.

by m0zg 7y ago

itronitron 7y ago
the sewage must flow
JumpCrisscross 7y ago
It’s an activist position. The thesis is the company becomes more valuable if he succeeds in removing or sidelining Dorsey.
- m0zg 7y ago
  Chances of that happening are approximately nil, in my estimation. Though I suppose he doesn't lose much by trying.
  - JumpCrisscross 7y ago
    > Chances of that happening are approximately nil, in my estimation The author has put money behind their estimation. Given Twitter's performance and Galloway's mouthpiece, I wouldn't put organizing its shareholders beyond the realm of plausibility. (Or the Board compromising to take a thorn out of their side.) The battle is really getting the question of a part-time CEO on the agenda, which requires replacing a few Board members. Given how unusual Twitter's Board dynamics are, there's a good chance proxy advisers would recommend voting for reforms.
    - m0zg 7y ago
      Replacing with _who_ though? Twitter is not going to be another Facebook or Google no matter who runs it - there's really no meat on the bones there, Jack knows that. And it could get much, much worse if motivated entirely by profit.
      - JumpCrisscross 7y ago
        > Replacing with _who_ though? That's a separate question. Note, too, that activist victories can take many forms. It could be Jack retreating to a Chairmanship, it could be him committing more hours to Twitter, it could be him hiring a President. > there's really no meat on the bones there Weibo has effectively bootstrapped a separate platform on its Twitter clone. And ByteDance outvalues Twitter on what is essentially a re-jiggered Vine. This is oversimplifying. But Twitter's only options aren't more ads or languishing with distracted leadership.
onion2k 7y ago
One of the many sewers, where hundreds of millions of people enjoy swimming. Imagine if you could clean it up. What would that be worth? That's Galloway's position.
- m0zg 7y ago
  >> "enjoy" Citation needed. Best I can tell the only thing people "enjoy" there is shitting on each other, and this seems to be the platform's raison d'être. It's kind of hard to enjoy being on the receiving end of that though.
  - batterystd 7y ago
    Go see reply to t_d's tweets . People pounce on them like it's their raison de etre

$10M position in what is essentially the leaking sewer of the Internet? I thought he was smarter than that.

by m0zg 7y ago

$10M position in what is essentially the leaking sewer of the Internet? I thought he was smarter than that.

itronitron 7y ago

the sewage must flow

JumpCrisscross 7y ago

It’s an activist position. The thesis is the company becomes more valuable if he succeeds in removing or sidelining Dorsey.

m0zg 7y ago
Chances of that happening are approximately nil, in my estimation. Though I suppose he doesn't lose much by trying.
- JumpCrisscross 7y ago
  > Chances of that happening are approximately nil, in my estimation The author has put money behind their estimation. Given Twitter's performance and Galloway's mouthpiece, I wouldn't put organizing its shareholders beyond the realm of plausibility. (Or the Board compromising to take a thorn out of their side.) The battle is really getting the question of a part-time CEO on the agenda, which requires replacing a few Board members. Given how unusual Twitter's Board dynamics are, there's a good chance proxy advisers would recommend voting for reforms.
  - m0zg 7y ago
    Replacing with _who_ though? Twitter is not going to be another Facebook or Google no matter who runs it - there's really no meat on the bones there, Jack knows that. And it could get much, much worse if motivated entirely by profit.
    - JumpCrisscross 7y ago
      > Replacing with _who_ though? That's a separate question. Note, too, that activist victories can take many forms. It could be Jack retreating to a Chairmanship, it could be him committing more hours to Twitter, it could be him hiring a President. > there's really no meat on the bones there Weibo has effectively bootstrapped a separate platform on its Twitter clone. And ByteDance outvalues Twitter on what is essentially a re-jiggered Vine. This is oversimplifying. But Twitter's only options aren't more ads or languishing with distracted leadership.

onion2k 7y ago

One of the many sewers, where hundreds of millions of people enjoy swimming. Imagine if you could clean it up. What would that be worth? That's Galloway's position.

m0zg 7y ago
>> "enjoy" Citation needed. Best I can tell the only thing people "enjoy" there is shitting on each other, and this seems to be the platform's raison d'être. It's kind of hard to enjoy being on the receiving end of that though.
- batterystd 7y ago
  Go see reply to t_d's tweets . People pounce on them like it's their raison de etre