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Matt Levine

Elon Musk Got a Twitter Board Seat

Also Russian negative basis, block trades, TMTG/DWAC and David Solomon’s DJ skill.

Should Twitter have an edit button, letting you edit tweets after you post them? The answer to this question is obviously “no,”  but for some reason a lot of Twitter users vocally believe the answer is “yes.” Here I do not want to argue about the substance, though. I just want to point out that if you have a view on this question, a Twitter Inc. board member is currently conducting a poll about it, on Twitter. (“Yes” is outrunning “no” by about 3 to 1.) “The consequences of this poll will be important,” tweeted Twitter’s chief executive officer. So go vote, and whichever side wins will happen I guess.

Yesterday I suggested that Elon Musk, Twitter’s new largest shareholder, should join the board of directors and live-tweet the board meetings. Today Twitter announced that Musk is in fact joining the board, and I feel like it’s going to be so much worse than live-tweeting the board meetings? It’s going to be: