Co-author of the best-seller Modern Monopolies. Platforms like Facebook and Google are 21st...
The Twitter board has implemented a poison pill strategy to ward off billionaire investor and Tesla CEO Elon Musk's attempts to acquire a controlling share of the social media platform. A poison pill, also known as a shareholder rights plan, allows shareholders to buy discounted stock in response to an activist holding a stake of over 15%.
While Twitter's board see's Musk as the aggressor in a hostile takeover, I think they should really consider Elon's offer. Unfortunately, the poison pill is a pretty clear sign that the board has no interest in Twitter being acquired. I'm still rooting for Elon and his free speech aspirations for Twitter but clearly this is going to need to be done "the hard way".
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