Twitter Learns From Romeo, Ditches Clingy Lover with Poison Pill
Posted on AllSides April 15th, 2022
From The Left
Image: AaronP/Bauer-Griffin/GC Images (Getty Images)
ANALYSIS
The cute little Twitter bird has teeth. Today, the company announced it has poisoned the local watering hole, hoping it will stall Elon Musk as he seeks to swallow up the social media company in a hostile takeover.
The company board voted unanimously Friday to create a new “Rights Plan” that allows shareholders to buy additional shares at a discount should some party like, for instance, a relatively unknown internet troll named Elon Musk, decide to buy up 15% or more of the company shares. Musk currently owns around 9% of...
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