Posted on 04/15/2022 9:45:25 AM PDT by janetjanet998
Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced Friday.
The board voted unanimously to adopt the plan.
Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed to purchase additional shares at a discount.
The plan is set to expire on April 14, 2023.
So he gets another shareholder to purchase 15% with a no interest load from Elon and then Elon can buy the rest of the stock at that “discount” offer.
load=loan
load=loan
He doesn't want some crappy alternative to Twitter. He wants Twitter. The company is a gold mine being run like a lemonade stand.
Guys like Musk don't lose. They only pick fights they know they'll win.
“ Wasn’t that what Truth Social was supposed to be?????????????”
Yep, but again Trump pick the wrong guy to do it. He gave it to a politician instead of a tech guy. If Elon took it over it would eclipse twatter in 6 months or less.
Trump now at 962,000 followers on Truth Social, just saw a waitlist number over 1,500,000
It’s slowly growing
I hope if the Twitter poison pill defense fails that Plan B is the Jonestown Kool-Aid defense,
They’ve just verified they are everything Elon and others have said about them. Very non strategic move.
Has trump posted anything there?
Twitter-Nazis Blitzkrieg.
Has trump posted anything there?
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not since the first message a couple of months ago
He is waiting until they build up the infrastructure I read
but 1.5 Million accounts and only on Apple App store and only in the US without him posting isn’t as bad as the “failure” the media is saying
Investing in an echo chamber doesn’t do much for the cause
Who knew actual free speech was such a threat!!!
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Put into practice big time in the late 70’s on the West Coast. Just getting around to more people being exposed to it.
Not quite sure how this “poison pill” will really work. Could not investors friendly to free speech buy at the discount and then proxy shares to Musk? Or even sell to Musk passing on the discount? And thus Musk could get control cheaper?
The company is a gold mine
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Not with its current “business” model or any other conceivable model either. The more users it has, the more expensive it gets.
wrong fight them do you realize on average people buy 1000 shares of a stock the profit holders of twitter stock is $6,710 dollars. He is offering them thats a nice profit. Stock is a type of gambling for a profit. Nobody said Boo when Bezos bought the Washington Post rag or the Atlantic bought by another commie, or when the HUFF Post was taken over by a gold digger...More hypocrisy from the left. rag...
Well that’s a massive breach of fiduciary duties.
Politics before shareholders is a no-no.
“He cut off his nose to be revenged of his face”
Such a ‘cleaver” move.
The stock went up when he bought 9.7% of the PUBLIC STOCK key word PUBLIC the real reason that the left is screaming is 90% of their stories come straight from Twitter lazy ass left leaning journalists who are too lazy to research stories before they write their stories......
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