So... aren't these wannabe twitter competitors going about the whole thing bass-ackwards?
I saw a broadly similar article the other day about some sort of shakeup in the Mastodon board of directors.
It's as if they think the way do do an internet startup is to first appoint a board of directors and hire a raft of executives, then... um... you know... um... do some business... kinda... stuff....
Board positions exist as a way to funnel wealth to the children, relatives and friends of the people startups are going to for their initial investment.