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Comment by PragmaticPulp | Hacker News Reader

Elliott gets a board seat as part of the deal. The people leading the charge to get rid of Jack Dorsey are more embedded on the inside now.

This looks like a Performance Improvement Plan (PIP) for Jack Dorsey. Maybe they're trying to steer him the desired direction. Or maybe they're just trying to gather enough evidence to really oust him in 12 months.

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Sorta. This feels more like Jack/activist investor coming to common ground on the direction of the company and also a proper succession plan for Dorsey to walk away from Twitter.

He only owns 2% of the company, and at this point I’d imagine his only options were to strike this truce & have control over how he exits as opposed to be outed right now with a power vacuum causing Twitter to destabilize a bit.

I’d expect to see a succession plan where Jack is out within 12-18 months but getting to help pick the next CEO.

Any guesses of who they could pick? fwiw I think of all the networks Twitter seems to be the one that actually delivers tangible social utility.

I get the feeling this coup is driven by new investors who don't realise what it is they have bought into.

Cough cough Myspace.

That's interesting.

I get real utility out of Facebook that affects the way I live my day to day life.

Twitter is entertaining but if it stopped existing today, my life wouldn't really change at all.

I follow Indian and US news and politics on it - once you follow key journalists, politicians, intellectuals and critics - Twitter does a pretty job of surfacing the day to day concerns that show up in the country.

Jack tweeting to users to ask for the next feature to implement did not inspire confidence.

What? He used the platform to solicit feedback of the platform. How is that not a good thing?

It suggests that he doesn't have a roadmap / vision. That kind of thing drives investors nuts. My guess is that Elliott was able to use that as leverage and it worked.

He's building a community, so it makes total sense for him to solicit feedback from that community, via that community. The value of Twitter _is_ the community, not the "product roadmap".

He's not turning to random people on Twitter because he's out of ideas... he's trying to understand more, and build a community of people who feel invested in the future of Twitter.

I would expect to see community oriented tools or products coming out of twitter then.

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