What did you get done this week? This is a waste of time.
Elon Musk — prospective Twitter Director, Public Tweet & SEC Schedule 13D Filing
“Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”
Elon Musk to Parag Agrawal — private text message, Delaware Chancery Court unsealed evidentiary text exhibits
“Musk: What did you get done this week? I am not joining the board. This is a waste of time. Will make an offer to take Twitter private.”
The Split:Within 96 hours of an SEC filing and celebratory public tweet praising Parag Agrawal, Musk sent an abrupt private text berating the CEO: What did you get done this week? I am not joining the board... this is a waste of time.
Public declarations of enthusiasm from activist acquirers last only as long as their patience for board decorum.