What a 'poison pill' is and how Twitter’s board is using it against Elon Musk
Business,Twitter,Elon Musk,Banking And Finance,Stock Market,Social Media,Free Speech,Content Moderation,Internet,Big Tech,Technology,Billionaires
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Twitter’s board unanimously voted to adopt a “poison pill” on Friday in an effort to prevent billionaire Elon Musk from taking over the company.
The poison pill is a strategy that can help block companies from being acquired in hostile takeovers. It allows the market to be flooded with new shares should an investor decide to buy up more than a preset percentage of a company’s stock.
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