What Elon Musk Could Do to Buy Twitter Despite Its 'Poison Pill'

April 19, 2022 By Jonathon Moseley

 

Elon Musk sought to buy Twitter for $43 billion but was met with a “poison pill” plan from Twitter's board of directors, which looks dire for his prospects, but is really just some mildly spicy hot sauce.  Their “Shareholder’s Rights” plan might give Elon Musk heartburn, but Musk can probably pop a few antacids and bulldoze over the opposition. 

No, really.

Twitter is trying to stop the SpaceX and Tesla founder from making Twitter more useful for society through free speech and more profitable for its shareholders.   How could he do it? Well, much of his wealth is in shares of SpaceX and Tesla.  So he would have to obtain financing (loans) to conduct a “leveraged buy-out” of Twitter.............To Read More.... 

Jack Dorsey rips Twitter board in Elon Musk battle - Twitter’s founder and former top boss Jack Dorsey slammed the company’s board of directors on Sunday – even as the embattled executives are locked in a dispute over whether to accept billionaire Elon Musk’s $43 billion offer to buy the social media platform. Dorsey criticized the board in response to a post in which a user quipped that the company’s “early beginning” was “mired in plots and coups” among its founding executives.

“It’s consistently been the dysfunction of the company,” Dorsey said.

Later, when asked by another user if he was “allowed to say this” about Twitter’s board, Dorsey replied “no.” In another tweet, Dorsey responded to a user who quoted venture capitalist Fred Destin as praising a “Silicon Valley proverb” that holds “Good boards don’t create good companies, but a bad board will kill a company every time...........

 Who Really Owns Twitter? - By Adam Mill April 18, 2022 - Twitter’s CEO is abusing investors’ positions to maintain his lock on compensation and further his social justice crusade. Last week I purchased approximately $4,500 in Twitter common stock. Public reports indicated Tesla and SpaceX CEO Elon Musk might soon use his own money either to buy Twitter outright or to gain a controlling stake in the company so he might stop Twitter’s censorship. I bought at approximately $45, well below the $54.20 per share Musk offered. Twitter doesn’t pay a dividend and it loses $0.29 per share. If shareholders are to see any return on investment from Twitter’s $1.5 billion in annual ..................