Episode
E76: Elon vs. Twitter
58:35
Published: Sat Apr 16 2022
Description
0:00 Jason's new skincare routine, Sacks' Good Friday portfolio update, Bestie intros 3:12 Breaking down Elon's offer to buy Twitter and take it private: poison pills, board responsibility and more 30:50 Core issues of Elon vs. Twitter, analyzing reactions, breaking down Twitter's revenue per employee 43:10 Free speech and Twitter, predictions for how this saga ends, business film recommendations Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://twitter.com/elonmusk/status/1514564966564651008 https://www.prnewswire.com/news-releases/twitter-adopts-limited-duration-shareholder-rights-plan-enabling-all-shareholders-to-realize-full-value-of-company-301526627.html https://en.wikipedia.org/wiki/Revlon,_Inc._v._MacAndrews_%26_Forbes_Holdings,_Inc. https://www.sec.gov/Archives/edgar/data/0001418091/000110465922045641/tm2212748d1_sc13da.htm https://www.google.com/finance/quote/TWTR:NYSE https://twitter.com/DefiantLs/status/1514738236207337477 https://twitter.com/jeffjarvis/status/1514578609754812419 https://twitter.com/maxboot/status/1514570168730636290 https://www.google.com/finance/quote/SPY:NYSEARCA https://www.google.com/finance/quote/TSLA:NASDAQ https://twitter.com/DefiantLs/status/1514738236207337477 https://twitter.com/auronmacintyre/status/1514653963408318474 https://www.google.com/finance/quote/ATVI:NASDAQ
Chapters
The transcript covers a lighthearted conversation about skincare, stock trading, and the history of a guest's career.
00:00 - 01:40 (01:39)
Summary
The transcript covers a lighthearted conversation about skincare, stock trading, and the history of a guest's career.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This podcast discusses the role of the board members in using their best judgement to make decisions in the best interest of creating the most shareholder value, including the use of poison pills as a defensive maneuver to prevent hostile takeovers.
01:40 - 10:43 (09:03)
Summary
This podcast discusses the role of the board members in using their best judgement to make decisions in the best interest of creating the most shareholder value, including the use of poison pills as a defensive maneuver to prevent hostile takeovers. It also covers recent news of Elon Musk's bid for Twitter and the Board of Directors decision to face potential lawsuits.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The opinion of Twitter's board members regarding the current CEO and Twitter's future stock price may influence their decision to sell the company, even though their personal wealth is much greater than the current stock price.
10:43 - 16:01 (05:18)
Summary
The opinion of Twitter's board members regarding the current CEO and Twitter's future stock price may influence their decision to sell the company, even though their personal wealth is much greater than the current stock price. Some believe that Elon Musk, the CEO of Tesla and SpaceX, is more qualified to run Twitter than the current CEO.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In the US, public companies typically have dispersed ownership, making it difficult to represent all shareholders on the board.
16:01 - 22:27 (06:26)
Summary
In the US, public companies typically have dispersed ownership, making it difficult to represent all shareholders on the board. One solution proposed is to have the board represent the biggest shareholders who have skin in the game and care about the share price.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Daniel Freeburg, CIO of Renaissance Macro, suggests that Twitter should put its plan to restore itself to a shareholder vote.
22:27 - 28:15 (05:47)
Summary
Daniel Freeburg, CIO of Renaissance Macro, suggests that Twitter should put its plan to restore itself to a shareholder vote. This would give Twitter credibility and could allow it to create a period where it is shopped to find solutions.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The CEO of Twitter, Jack Dorsey, talks about the potential of Twitter becoming a free speech platform by open sourcing the algorithm and discussing ways the board could win with shareholders.
28:15 - 35:10 (06:55)
Summary
The CEO of Twitter, Jack Dorsey, talks about the potential of Twitter becoming a free speech platform by open sourcing the algorithm and discussing ways the board could win with shareholders.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The board of a public company has a duty to protect the interests of all shareholders, especially minority shareholders, even if a private equity firm owns the majority of the company.
35:10 - 37:28 (02:17)
Summary
The board of a public company has a duty to protect the interests of all shareholders, especially minority shareholders, even if a private equity firm owns the majority of the company. However, the board's self-interest in staying on the board could potentially conflict with this duty.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The acquisition of SolarCity by Tesla has raised many questions regarding the leadership and management of the company.
37:28 - 41:10 (03:41)
Summary
The acquisition of SolarCity by Tesla has raised many questions regarding the leadership and management of the company. Many shareholders are uncertain if this deal will benefit the company, leading to confusion and potential backlash.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Elon Musk's biggest contribution to society could come from his control over Twitter and implementing a strong moral force for free speech, which some believe to be a tool for repression.
41:10 - 48:13 (07:03)
Summary
Elon Musk's biggest contribution to society could come from his control over Twitter and implementing a strong moral force for free speech, which some believe to be a tool for repression. With the help of his AI team working on self-driving cars, Musk believes he can solve Twitter's bot and spam problems in just 30 days.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Jason Calacanis and Chamath Palihapitiya discuss the potential outcomes for Twitter, including the company facing legal action and the possibility of finding a buyer who aligns with their censorship policies.
48:13 - 52:32 (04:18)
Summary
Jason Calacanis and Chamath Palihapitiya discuss the potential outcomes for Twitter, including the company facing legal action and the possibility of finding a buyer who aligns with their censorship policies.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker predicts that when a deal is going to go through in a pending merger or acquisition, the stock price will initially gap upwards but may then bleed back towards the M&A price as it approaches certainty.
52:32 - 56:57 (04:25)
Summary
The speaker predicts that when a deal is going to go through in a pending merger or acquisition, the stock price will initially gap upwards but may then bleed back towards the M&A price as it approaches certainty.
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The second part of the All-In Podcast Episode 76 covers topics such as the global food crisis, China's food storage plan, geopolitics including the French election, and the All-In Summit.
56:57 - 58:02 (01:05)
Summary
The second part of the All-In Podcast Episode 76 covers topics such as the global food crisis, China's food storage plan, geopolitics including the French election, and the All-In Summit.