[SilverBirch]

I think to a certain extent they knew how weak they were. They knew if it turned into a long drawn out protracted fight in public it would be bad for them. You can imagine it now - David Sacks going on a long rant about how they don't have skin in the game and they're woke etc. etc. What the board was there to do - act as a check on the for-profit part of the company, goes basically directly against what most people in silicon valley want. So I don't think it's unreasonable that they thought they needed to move before Sam shored up support from investors etc.