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.
If it wasn’t a sudden move, they would have announced it during earnings call last year. You are missing what I am saying completely. If this was planned, the announcement would be that Jack is stepping down in a year, as the new CEO steps in.
Instead, the announcement is that Jack is leaving immediately, to be replaced by this person. That’s why their stock took a dump. It doesn’t matter if people inside Twitter knew. That’s not the point. The point is that institutional investors weren’t told. This is incredibly odd for a mega Corp.
If you were an institutional investor, wouldn’t you be furious? Of course you would. That’s the point I’m making. They do these things in a certain way to keep their friends from getting wrecked in the markets. In this case, which is unusual, they didn’t tell the banks.
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
If it wasn’t a sudden move, they would have announced it during earnings call last year. You are missing what I am saying completely. If this was planned, the announcement would be that Jack is stepping down in a year, as the new CEO steps in.
Instead, the announcement is that Jack is leaving immediately, to be replaced by this person. That’s why their stock took a dump. It doesn’t matter if people inside Twitter knew. That’s not the point. The point is that institutional investors weren’t told. This is incredibly odd for a mega Corp.
If you were an institutional investor, wouldn’t you be furious? Of course you would. That’s the point I’m making. They do these things in a certain way to keep their friends from getting wrecked in the markets. In this case, which is unusual, they didn’t tell the banks.
Okay, so it’s not a great move from the investors perspective. I get that.
Either way, people are pretending this means he’s going to gitmo. I think that’s far fetched