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Joined 10 months ago
Cake day: January 17th, 2024
  • BBBruce@qoto.orgtorandom@kbin.run•Elon Musk gives Tesla ultimatum: Another 12% of shares or no AI, robotics
    1·
    10 months ago

    @arstechnica@mastodon.social
    He likes to copy from Theil’s playbook - here’s how that goes: “… as PayPal prepared to go public, Thiel offered the company’s board an ultimatum: he wanted more equity or he would quit. (Thiel denies any ultimatum.) The board granted him the equity. Shortly after PayPal began trading, in 2002, Thiel flipped the company, selling it to eBay for one and a half billion dollars. As soon as the acquisition closed, he issued a press release announcing his resignation.”