Jack Dorsey To Stay at Twitter

Twitter and activist hedge fund Elliott Management have agreed to a truce that will shake up the social-media company's board but leave its Chief Executive Jack Dorsey in place [The link may be paywalled; alternative source]. From a report: The agreement calls for Twitter to appoint two new board members, with a promise to search for a new independent director, and make $2 billion in share repurchases, the company said. The buyback is to be funded in part by a $1 billion investment from technology-focused investment firm Silver Lake. The agreement noticeably doesn't include the removal of Mr. Dorsey, CEO and co-founder of Twitter, a central pillar of Elliott's campaign, which just came to light last week. Elliott has a roughly $1 billion stake in Twitter, people familiar with the matter have said.

2 new beard members

[SirKveldulv]

I can't be the only person who read that headline as '2 new beard members'.

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[Aighearach]

I can't be the only person who read that headline as '2 new beard members'.

You probably could be, I don't see any of those words in the headline at all so it seems an unlikely mistake.

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[ArchieBunker]

Cheaper oil prices are good for everyone. Nearly everything you own and touch is transported via oil.

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[olsmeister]

It's certainly not good for the renewable energy sector, and I doubt people who are concerned about climate change are going to be thrilled. (Until they pull into the petrol station that is.)

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[account_deleted]

Comment removed based on user account deletion

Wrong

[Comboman]

I doubt people who are concerned about climate change are going to be thrilled.

You'd be wrong. Oil prices are low because demand for oil is low and that is good for the climate. The reduction of air traffic alone (which accounts for 12% of all CO2 emissions) is hugely beneficial. Opec cutting it's prices is even better as it makes environmentally worse forms of extraction (like fracking and oil sands) economically infeasible.

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[Kyr Arvin]

I doubt people who are concerned about climate change are going to be thrilled.

You'd be wrong. Oil prices are low because demand for oil is low and that is good for the climate. The reduction of air traffic alone (which accounts for 12% of all CO2 emissions) is hugely beneficial. Opec cutting it's prices is even better as it makes environmentally worse forms of extraction (like fracking and oil sands) economically infeasible.

Oil prices are low because production is very high. Right now, Russia and Saudi Arabia are in an economic war of "who can produce more." Saudi Arabia wanted to constrict supply so prices would rise again, but Russia wouldn't play along, and OPEC doesn't have the pricing dominance it used to. Last time Saudi Arabia cut their production thinking they could raise prices world-wide, other countries stepped in and the Saudis lost a lot of oil contracts instead. They don't want to repeat that again, so as Russia

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[Flabby Boohoo]

Clueless you are.

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[ArchieBunker]

Yeah I love paying more for everything because the price of diesel spiked.

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[Flabby Boohoo]

Ah... you meant it's good for you. You said "everyone" as if you speak for everyone. Moron.

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[ArchieBunker]

You can't be bothered to say anything besides name calling.

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[AmiMoJo]

Not good for people suffering from oil based pollution or climate change. Cheaper stuff vs. being able to breathe properly or your house not being underwater.

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[returnOfEssreenim]

The plan is to destroy the renewables sector. The oil monopoly hasn't lost it's grip.They are just regrouping. EV's have the same manufacturing and sustainability as dino juice powered ones. They are shit and they plan to make them look even more shit and drive you away from them. The reality we live in is a construct.

Nothing's going to change

[DesScorp]

As long as Dorsey has any authority, Twitter is going to continue it's slide from "The free speech wing of the free speech movement", to an SJW echo chamber that punishes even the smallest deviation from Blue Check groupthink. Ironically, Trump's tweets, the one account admins wish they could ban but can't, are driving much of their traffic, and thus, business.

Re: Nothing's going to change

[Anubis350]

Twitter is big enough that any one actor, including Trump, is unlikely to be an indispensable amount of their traffic. And as for âoesjwâ, you can always go to some alt-right website to post hate filled rants, Twitter is under no obligation to entertain such on their platform. I find it amazon how much the right champions free markets... right up until a company makes a decision they donâ(TM)t like

Re: Nothing's going to change

[Anubis350]

*s/amazon/amazing/ Also, slashdot, handle characters better!

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[Stolovaya]

You're making the mistake that you think that only right/alt-right cares about free speech. I'm liberal, and I find Twitter's bias to be really concerning. Sure, much of what comes from the right is bullshit. That's completely irrelevant to the issue. When things that aren't far-left get censored, that's a big problem, and it's concerning that people like you don't see the issue in that.

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[Slyfox696]

Sure, much of what comes from the right is bullshit. That's completely irrelevant to the issue.

It's not, at least not to me

Obviously government and business are two separate issues with regards to free speech, so please understand I address only the latter. A business holds no responsibility to allow/promote deliberate falsehoods. It is not "bias" to try and reduce violent rhetoric or deliberate disinformation designed to cause harm. Censoring what you acknowledge is BS should not be concerning, so long as it is, in fact, BS and not just different ways to look at the same situation.

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[twocows]

Did Twitter ever claim to be that? I thought that was a retired slogan from an old Democrat politician, can't remember which one.

I don't like Twitter's policy of getting rid of objectionable political discussion, I think less of them for maintaining it, but I don't think it's inconsistent with their messaging or behavior in the past.

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[Aighearach]

I thought twitter was that place that you go to answer the question, "What are you doing right now?"

Or was that just during 2007?

Re:Nothing's going to change

[rho]

That was from a dozen years ago.

The Twitter tag line is now "Find out what the morons and scolds think about you and your ideas.(TM)"

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[Kyr Arvin]

Unfortunately now Twitter and Facebook together are "those places where all discussion and arguments occur now." It's the public square.