3 ms·

How would you like it to happen? Twitter schedules a formal press conference to announce it or otherwise?

kgermino 5y ago
Form 8-K filed with the SEC concurrently with a Press Release and interviews announcing his successor and explaining why this will be a "good thing." The 8-K is functionally a legal requirement for this and the rest is just making sure you control the message to reduce speculation which can hurt you.
- notyourwork 5y ago
  I wasn't sure what was expected to happen, thank you for explaining!
ryzvonusef 5y ago
YES! You don't leak it to a reporter like it's the latest variant of the iPhone. There should have an announcement from the board, a LONG time before markets were to start (ideally end of markets on friday) clearly explaining WHAT is happening and WHY (even if it's a bullshit reason, there should be a reason). It would have allowed markets to absorb the news instead of the NYSE having to halt trading amid the uncertainty.
- jon_richards 5y ago
  Serious question: What does making an announcement while the market is closed actually do? Are you not just throwing money to the people willing to trade after hours?
  - alistaira 5y ago
    My unqualified guess is that it makes time to ensure the full story and context to be digested by traders. If the story is emerging during trading, there is risk of more volatility / unpredictability as the fastest information may not be the most complete.
  - ryzvonusef 5y ago
    equal access to information. (no "insider" benefit) people trading off market are taking their own risks willingly, the market itself tries to be fair w.r.t. reported if you are listed, you effectively agree to release info on certain terms, so that off-market don't get a better advantage also When I had posted this, there had been no tweet, just a leak from a CNBC reporter with three lines : breaking news, Jack is rumored to be leaving, stay tuned for more info. there was a massive info asymmetry, so NYSE had to halt trading until it deems news has percolated enough, I guess.
- yupper32 5y ago
  I don't get it. Who cares? You sound like you just want the status quo. Sending a tweet works just as well to get the message out.
  - ryzvonusef 5y ago
    the tweet came a few hours after CNBC leaked it, what I had posted on HN was the original article, it was changed with the tweet after the fact by some mod here. My comment dates from when we didn't have a tweet or any info, no one knew who the next ceo of twitter was, simply the rumour (not even confirmed news) that jack had left. no one knew, Twitter PR was refusing reporter questions and NYSE had to stop trading until the situation settled

Form 8-K filed with the SEC concurrently with a Press Release and interviews announcing his successor and explaining why this will be a "good thing." The 8-K is functionally a legal requirement for this and the rest is just making sure you control the message to reduce speculation which can hurt you.

notyourwork 5y ago
I wasn't sure what was expected to happen, thank you for explaining!

ryzvonusef 5y ago

YES! You don't leak it to a reporter like it's the latest variant of the iPhone. There should have an announcement from the board, a LONG time before markets were to start (ideally end of markets on friday) clearly explaining WHAT is happening and WHY (even if it's a bullshit reason, there should be a reason). It would have allowed markets to absorb the news instead of the NYSE having to halt trading amid the uncertainty.

jon_richards 5y ago
Serious question: What does making an announcement while the market is closed actually do? Are you not just throwing money to the people willing to trade after hours?
- alistaira 5y ago
  My unqualified guess is that it makes time to ensure the full story and context to be digested by traders. If the story is emerging during trading, there is risk of more volatility / unpredictability as the fastest information may not be the most complete.
- ryzvonusef 5y ago
  equal access to information. (no "insider" benefit) people trading off market are taking their own risks willingly, the market itself tries to be fair w.r.t. reported if you are listed, you effectively agree to release info on certain terms, so that off-market don't get a better advantage also When I had posted this, there had been no tweet, just a leak from a CNBC reporter with three lines : breaking news, Jack is rumored to be leaving, stay tuned for more info. there was a massive info asymmetry, so NYSE had to halt trading until it deems news has percolated enough, I guess.
yupper32 5y ago
I don't get it. Who cares? You sound like you just want the status quo. Sending a tweet works just as well to get the message out.
- ryzvonusef 5y ago
  the tweet came a few hours after CNBC leaked it, what I had posted on HN was the original article, it was changed with the tweet after the fact by some mod here. My comment dates from when we didn't have a tweet or any info, no one knew who the next ceo of twitter was, simply the rumour (not even confirmed news) that jack had left. no one knew, Twitter PR was refusing reporter questions and NYSE had to stop trading until the situation settled