Free Republic

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.

Investors in GameStop are back on board a volatile roller coaster more than a year after the so-called "meme stock" phenomenon nabbed headlines in early 2021. While GameStop's recent highs are not nearly as close to the surge last year (when its stock hovered around $400 a share at one point), experts have said the company's stock price far exceeds what the retailer is actually worth. "It's hard to make this argument that the price is worth more than $80," said Kevin Mullally, an assistant professor of finance in the College of Business at the University of Central Florida. On...