This is the big clue that something is happening that is out of their control. CEOs never leave mega corps without a planned public transition to ensure the stock price doesn’t dive. Head hunting a replacement at this level is usually a public affair, and takes a very long time. Percentages equal billions, and loss due to uncertainty over leadership wipes out fortunes.
What happened at Enron after Jeff Skilling bailed unexpectedly? It crashed under the weight of its own illegal actions.
Something is afoot. We (of course) are being lied to.
Great elaboration. Big business does not like drama at the high level. Remember what happened to Tesla stock when Musk smoked a joint with Joe Rogan. Here we have a guy bugging out with no explanation or PR. That just doesn't happen to high profile public companies.
The stock opened 10% higher at the news of Jack's departure, then quickly lost half of that gain before trading was halted. Now it's lower than it was on Friday. kek
There is a planned public transition. He’s going to remain part of the team until may while the transition takes place. They have a replacement already named.
What's newsworthy is that it's sudden and Jack has given no (believable) reason for it.
This is the big clue that something is happening that is out of their control. CEOs never leave mega corps without a planned public transition to ensure the stock price doesn’t dive. Head hunting a replacement at this level is usually a public affair, and takes a very long time. Percentages equal billions, and loss due to uncertainty over leadership wipes out fortunes.
What happened at Enron after Jeff Skilling bailed unexpectedly? It crashed under the weight of its own illegal actions.
Something is afoot. We (of course) are being lied to.
Great elaboration. Big business does not like drama at the high level. Remember what happened to Tesla stock when Musk smoked a joint with Joe Rogan. Here we have a guy bugging out with no explanation or PR. That just doesn't happen to high profile public companies.
The stock opened 10% higher at the news of Jack's departure, then quickly lost half of that gain before trading was halted. Now it's lower than it was on Friday. kek
There is a planned public transition. He’s going to remain part of the team until may while the transition takes place. They have a replacement already named.
Apparently they didn’t tell the analysts or institutional investors ahead of time, look at the trading. This was a surprise to Wall Street.
Okay? It doesn’t seem like it was a sudden move for Twitter given that they have a plan