Is Trump's Golf Game Really Any Good? Now We Know - Trump and...
NYT: ‘Far Right’ Spreads Baseless Claims About Biden’s Whereabouts
CNN's Gen Z Correspondent Explains Ties Between Kamala Harris Campaign and ‘Brat Summer’
Congressman Introduces Articles of Impeachment Against Kamala Harris
FINALLY! Just Stop Oil Loons Are Facing Long Prison Sentences, and They Deserve...
Alyssa Milano Shares a Weird Picture Crying Over Kamala
A Real-Life Episode of 'Veep': Kamala Harris Cackles Her Way Into Wisconsin
Read This NYT Hagiography of Joe Biden From Two Days Before the Debate
Mayorkas, Wray Decline to Appear at Assassination Hearings
Ana Navarro's Political Car Chronicles Quickly Devolved into a Weird Kamala Fairy Tale
Jim Acosta: 'Irresponsible' for Trump to Say What Secret Service Admits (That They...
If You Like Your Plan, You Can Keep It (Not!): Kamala Harris Wanted...
Stochastic Terrorism Alert: After Assassination Attempt, Harris Ad Calls Trump 'Existentia...
‘Prepare Yourselves’: Kamala Harris Has ‘Got The One-Handed Egg Crack Down’
Chill, Keith! Olbermann LOSES IT Over Cardinals Using Trump's Fist Gesture, Deletes Post...

It's clear Twitter's board would 'rather burn the place to the ground' than be taken over by Elon Musk

Elon Musk’s offer to buy Twitter for over $40 billion would make stockholders a lot of money, but it’s clear the Board of Directors does not want that to happen:

Advertisement

The announcement was made on a day when the market’s closed and will be until Monday:

From Investopedia:

What Is a Poison Pill?

The term poison pill refers to a defense strategy used by a target firm to prevent or discourage a potential hostile takeover by an acquiring company. Potential targets use this tactic in order to make them look less attractive to the potential acquirer.

Although they’re not always the first—and best—way to defend a company, poison pills are generally very effective.
[…]
When a company becomes the target of a hostile takeover, it may use the poison pill strategy to make itself less attractive to the potential acquirer. As the name indicates, a poison pill is analogous to something that’s difficult to swallow or accept. A company targeted for an unwanted takeover may use a poison pill to make its shares unfavorable to the acquiring firm or individual. Poison pills also significantly raise the cost of acquisitions and create big disincentives to deter such attempts completely.

Advertisement

One thing is abundantly clear:

Exactly. Stay tuned because this certainly isn’t over.

***

Related:

‘Amazing coincidence’! SEC & DOJ reportedly launch ‘joint investigation’ into Elon Musk’s company

Paging ELON! Jonathan Turley NAILS Twitter in brutal thread using their targeting of @libsoftiktok to prove how BIASED the tech giant really is

Daily Beast columnist says if ‘we’ walk out the door the moment Elon Musk takes over Twitter, ‘it is nothing’

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement