Commentary The poison pill has been in the news of late. No, this has nothing to do with strychnine or any other such way of killing people. It rather concerns Elon Musk’s desire to purchase Twitter outright (he already owns something like a 9 percent share of this company). Why does he want to buy…
What Is a Poison Pill and Why Is Twitter Taking It?
Twitter announced on Friday that its board of directors has unanimously adopted a “poison pill” defense to prevent Elon Musk from acquiring the company. If any business, person, or group acquires 15 percent or more of Twitter’s outstanding stock through a transaction not allowed by the board, according to the announcement, other stockholders will be…
Twitter Reportedly Mulls ‘Poison Pill’ Tactic to Foil Musk Takeover Bid
April 15, 2022
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Business & EconomyCompanieseconomyElon MuskInvestmentMarketsMedia & Big TechPoison pillSocial MediaTechTwitterUSUS News
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Twitter is reportedly considering a so-called “poison pill” tactic to thwart Elon Musk’s effort to buy out the social media platform, sources say. Cameron Winklevoss, founder of the Gemini cryptocurrency exchange, said in a tweet that “Twitter is considering a poison pill to thwart @elonmusk’s offer,” while two anonymous sources told The New York Times…
Musk Responds to Reports Twitter Mulling ‘Poison Pill’ Tactic to Foil His Takeover Bid
April 15, 2022
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Business & EconomyCompanieseconomyElon MuskInvestmentMarketsMedia & Big TechPoison pillSocial MediaTechTwitterUSUS News
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Twitter is reportedly considering a so-called “poison pill” tactic to thwart Elon Musk’s effort to buy out the social media platform, prompting a critical response from the Tesla chief. Cameron Winklevoss, founder of the Gemini cryptocurrency exchange, said in a tweet that “Twitter is considering a poison pill to thwart @elonmusk’s offer,” while two anonymous…
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