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re: Twitter Board adopts "poison pill" to try to stop Musk; rejects offer

Posted on 4/15/22 at 1:01 pm to
Posted by IAmNERD
Member since May 2017
24238 posts
Posted on 4/15/22 at 1:01 pm to
quote:

trigger a dilution of company shares if any shareholder builds up a 15 percent stake without the board's approval.

Ahh, so now he's just gonna dump his shares and Twitter stock will likely tank hard.

Smart...
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
49680 posts
Posted on 4/15/22 at 1:02 pm to
quote:

What shareholder in their right mind would hold onto Twitter right now? The Board of Directors just publicly said they are going to dilute your shares and make them worth less money so you do not reap the financial benefits of a takeover of the company. I don't think the BoD could have done a worse job for his shareholders in this case. The Class Action litigation is going to massive and at this point I wouldn't be shocked if Robbins, Geller, Rudman & Dowd haven't filed the first lawsuit against Twitter and its BofDs.


This will be tied up in the courts for years.
Posted by johnnyrocket
Ghetto once known as Baton Rouge
Member since Apr 2013
9790 posts
Posted on 4/15/22 at 1:08 pm to
They will destroy themselves.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 4/15/22 at 1:10 pm to
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33505 posts
Posted on 4/15/22 at 1:12 pm to
Option 2: put Twitter out of business
Posted by OweO
Plaquemine, La
Member since Sep 2009
122162 posts
Posted on 4/15/22 at 1:18 pm to
Why does he want to buy it anyway, Trump's new social media platform is going to crush twitter.
Posted by SoonerK
Member since Nov 2021
1014 posts
Posted on 4/15/22 at 1:22 pm to
quote:

Why does he want to buy it anyway, Trump's new social media platform is going to crush twitter.


You mean something other than the train wreck named Truth Social, right?
Posted by pankReb
Defending National Champs Fan
Member since Mar 2009
73072 posts
Posted on 4/15/22 at 1:23 pm to
no one..


literally not a single soul......





"TRUMPTRUMPTRUMPTRUMPTRUMPTRUMPTRUMPTRUMPTRUMP!!!!!"
Posted by JetsetNuggs
Member since Jun 2014
15495 posts
Posted on 4/15/22 at 1:23 pm to
quote:

Twitter Board


Posted by HoustonGumbeauxGuy
Member since Jul 2011
33489 posts
Posted on 4/15/22 at 1:24 pm to
Elon is enjoying all of this foreplay

One of these days he is just going to shove it right in…dry

Posted by CAD703X
Liberty Island
Member since Jul 2008
93289 posts
Posted on 4/15/22 at 1:42 pm to
quote:

Elon is enjoying all of this foreplay

One of these days he is just going to shove it right in…dry


my humble wish is he takes it private, then moves to a small town in texas and hires local kids who took computer science in high school to replace the non-binary rainbow unicorns with purple hair.
Posted by cable
Member since Oct 2018
9735 posts
Posted on 4/15/22 at 1:44 pm to
How hard can. It be to work for Twitter? Seems like a fricking cakewalk
Posted by tide06
Member since Oct 2011
23304 posts
Posted on 4/15/22 at 1:46 pm to
quote:

Twitter has some hard times coming. The crazy thing is they probably know it but will allow it to happen just out of spite.

Some people think the situation as far as who really controls twitter is a lot more complex than it appears.

Elon Musk had two different federal agencies launch parallel investigations within days of attempting to acquire Twitter. Ask yourself who has the power to come after someone that way?
This post was edited on 4/15/22 at 2:30 pm
Posted by HoustonGumbeauxGuy
Member since Jul 2011
33489 posts
Posted on 4/15/22 at 1:47 pm to
If he moves to a small town anywhere close to Austin, he’s gonna have the same non-binary rainbow unicorns applying for jobs.
Posted by Ayrton
Member since Mar 2022
219 posts
Posted on 4/15/22 at 1:47 pm to
quote:

You mean something other than the train wreck named Truth Social, right?
nope, that's the one.
Posted by FredBear
Georgia
Member since Aug 2017
17418 posts
Posted on 4/15/22 at 1:54 pm to
quote:

Elon Musk had the two different federal agencies launch parallel investigations within days of attempting to acquire Twitter. Ask yourself who has the power to come after someone that way?



That is quite interesting and should give even the lefties supporting Twitter pause. That just reeks of something fishy going on and seems to call into question that Twitter is a private owned company
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299445 posts
Posted on 4/15/22 at 2:00 pm to
quote:

How hard can. It be to work for Twitter? Seems like a fricking cakewalk


Evidently low self esteem is a big quality they look for.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 4/15/22 at 2:04 pm to
I dont recall anyone talking about trump in here. And we are the ones obsessed.

What a joke
Posted by SoFla Tideroller
South Florida
Member since Apr 2010
40978 posts
Posted on 4/15/22 at 2:05 pm to
quote:

That is quite interesting and should give even the lefties supporting Twitter pause.


Are you kidding? Spleen, c on z, and every Democratic bundist in this country are not only cheering this, but demanding it. Bill Clinton started the weaponizing of federal agencies against political enemies on a mass scale. The Kenyan just took it to another level. That's why leftists and Democrats can be so brazen in their corruption. They know not only will they not get investigated/charged, they know these agencies will run interference for them.
Posted by Abstract Queso Dip
Member since Mar 2021
5878 posts
Posted on 4/15/22 at 2:52 pm to
This was the first move for him. His long term goal is a social media platform called Reggie.
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