Is it really bitter if IPO is successful? Citron and other cofounders likely setup to get a massive payout when it IPOs.
Humam isn’t someone that will look after the company for many years. He is brought in to cook the books, and get it to an IPO.
Bro got replaced by some ex-Activision-Blizzard MBA zombie. Humam got 86’d/golden parachuted from Blizzard after only <2 years as “Vice Chairman”. Then a 1-2 yr gap.
Humam about to get another massive bag once labor force is cut, platform further enshittified, and corp books are sufficiently cooked/prepped for IPO.
Amazon really going hard on the bribes to get government cases dropped.
The next 4 years are going to be the Wild West in terms of big business regulation. If country survives the next 4 years, the next administration is going to be fighting an uphill battle to clean up this gigantic mess.
If we somehow have any allies at the end of this, I would be very surprised.
I am not optimistic. Elon and his brother own majority in the board.
This is all smoke and mirrors. Board opens search for a replacement. Go through the motions of finding a replacement. Delay. Delay. Delay.
Then on a particularly active news cycle, report search has failed, and it gets buried beneath the bullshit that Orangatuan administration did that week.