Twitter’s board of directors has approved a provision aimed at preventing a hostile takeover that’s known in the financial world as a “poison pill,” the company announced on April 15. The board unanimously chose to adopt the “limited duration shareholder rights plan” after an “unsolicited, non-binding proposal to acquire Twitter,” the company said. Elon Musk,…
Twitter Board Approves ‘Poison Pill’ After Musk’s $43 Billion Offer to Buy Company
Elon Musk Says Censorship on Twitter Poses ‘Civilizational Risk’
April 15, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomycensorshipCompaniesElon MuskFeatured TopicsMedia & Big TechSocial MediaTechTech NewsTwitterUSUS News
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Billionaire tech mogul Elon Musk said Thursday the reason he’s trying to buy Twitter is not to make money but to turn it into a bastion of free speech and reduce the “civilizational risk” to freedom and democracy from excessive and opaque restrictions on expression. Speaking at a TED event in Vancouver, Canada, on April 14,…
Trump Says He Probably Won’t Tweet Again Even If Musk Buys Twitter and Reinstates His Account
April 15, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesDonald TrumpElon MuskFeatured TopicsMedia & Big TechSocial MediaTechTwitterUSUS News
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Former president Donald Trump said Thursday he likely wouldn’t return to Twitter if Elon Musk bought the platform and reinstated his account. Trump made the remarks in an interview with Sirius XM’s “Americano Media” hours after Musk made an offer to buy Twitter for around $43 billion in cash, with the Tesla CEO saying he…
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…
Elon Musk Hints Says He Has a ‘Plan B’ If Twitter Takeover Bid Unsuccessful
Tesla CEO Elon Musk has hinted at a backup plan if his bid to take over Twitter fails. Speaking at a TED event in Vancouver on Thursday, the billionaire entrepreneur said: “I am not sure that I will actually be able to acquire it.” While Musk has said his $54.20-per-share offer is his “best and final” one,…
Elon Musk Says He Has a ‘Plan B’ If Twitter Takeover Bid Unsuccessful
Tesla CEO Elon Musk has hinted at a backup plan if his bid to take over Twitter fails. Speaking at a TED event in Vancouver on Thursday, the billionaire entrepreneur said: “I am not sure that I will actually be able to acquire it.” While Musk has said his $54.20-per-share offer is his “best and final” one,…
NFT of Dorsey’s First Tweet Auctions for Mere $280
A non-fungible token (NFT) of the first-ever tweet drew only $280 in an online auction, vastly disappointing the expectations of the investor who hoped to turn around the costly NFT for an astronomical profit. The NFT of Twitter’s former CEO and co-founder Jack Dorsey’s tweet was first sold last year to Sina Estavi, an Iranian-born…
Mark Cuban, Donald Trump, Dave Portnoy, and More React to Elon Musk’s Twitter Bid
April 14, 2022
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Business & EconomyCompaniesDave PortnoyDonald TrumpElon MuskMark CubanMarketsMedia & Big TechReactTwitter
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Elon Musk made headlines once again Thursday with news that he has offered to buy out the remainder of Twitter Inc. The news has increased the volatility in shares of the social media company and also led to a number of opinions on what the buyout means. What Happened Elon Musk, the CEO of Tesla Inc….
Twitter Shares Slide After Saudi Investor Rejects Musk’s Bid for Twitter
Elon Musk’s ambitious bid to take Twitter private under his ownership has hit a roadblock as Saudi investors are rejecting the Tesla CEO’s offer, causing Twitter shares to drop and setting the stage for a bitter struggle for control of the social media giant. On Thursday, several hours after Musk announced his “final offer” to…
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