zlacker

>>davidb+(OP)
Saying this is sudden would be an understatement.

Sam Altman spoke at an APEC panel on behalf of OpenAI literally yesterday: https://twitter.com/LondonBreed/status/1725318771454456208

>>minima+B
It’s hard to imagine a more last minute move on the boards part here. Been in tech exec leadership for a long time and this feels like they’re accusing him of cannibalism (in corporate PR speak). No way this didn’t get decided on in the middle of last night. Whatever he did is big and dangerous, or they’re trying to pin it on him.

>>moshun+Db
>last minute move

Also, they did it around 3:30 Eastern, 30 minutes before the closing bell (Microsoft is xxmajorityxx 49% owner). It was so urgent they couldn't wait until after the market closed.

>>DebtDe+6o
I wondered about the timing. Microsoft’s stock took a swan dive. I can’t imagine they're happy regardless of what they say to the press.

>>jasonm+Gv
MSFT is up 55% YTD at all-time highs. That 1% drop at the announcement is the initial reaction which will probably disappear come Monday.

You bury bad news on Friday afternoon.