twitter to holds AMA meet board over "concerns" of their staff over musk buying director of board position

[butters]

https://www.msn.com/en-us/money/com...pc=U531&cvid=119310f4545746a4ad4b347cc6a7f5f9

 

[HisArpy]

WAPO, owned by the richest guy in the world, ran an editorial today about how we need to prevent "the rich" from buying media.

The hypocrisy is stunning.

 

[BabyBoomer50s]

Pretty funny seeing WaPo and CNN upset over this. Elon says the next Twitter board meeting should be “lit.” Nobody knows that means or what comes next at Twitter but WaPo and CNN are no doubt worried that their top competitor, the BabylonBee, might be reinstated.

 

[butters]

https://www.nbcnews.com/business/bu...on-pill-to-prevent-hostile-takeover-rcna24607

musk attempts hostile takeover with a $40+B deal intending to take complete control

board deliberating
there're questions about the assets for funding his bid, it's not just a direct cash-exchange affair.
https://www.nbcnews.com/business/bu...possible-explainer-rcna24389?icid=recommended

Thanks to the so-called business judgment rule, a U.S. company's board of directors has wide latitude to determine how it evaluates its ultimate fiduciary duty, he said.

So even though some shareholders would be likely to sue Twitter should the board reject Musk's offer, the suits probably would not get far, Kaiser said.

"In this case, there isn’t another bidder," Kaiser said, "so the board has to discuss is it in best interest of the company to be privately owned — and privately owned by Musk. That’s a really difficult analysis, but it's very possible that they can use the business judgment rule to say it is not in their interest if it goes private, and private by Musk."

Referring to the platform Trump founded last year, Navarra said: "We know from examples like Truth Social that creating a platform that is geared around ‘free speech’ and relaxed or no kind of moderation is not an attractive proposition to most people, and neither are they too interesting or good opportunities for advertisers.

"No one wants to spend hours in an app of people just being vile and controversial and argumentative and polarizing. That isn’t enjoyable, and advertisers certainly won’t stick around for that for very long."

 

[Dribble]

Vanity. Musk didn't like some teen tracking his jet so when the kid told him $5000 wasn't enough to stop...that he got more enjoyment watching Musk be pissed off...old Elon decided to try a hostile takeover of the company. He didn't do it when Twitter flagged him for posting erroneous vaccine info. He didn't do it for getting warnings about his political statements...he is doing it cause some kid pissed him off

 

[Rightguide]

The poison pill has consequences. Let's see how far down Twitter stock goes today.

 

[butters]

musk no longer largest shareholder

What Happened: A recent SEC filing shows that Vanguard Group is now the biggest shareholder of Twitter with a 10.3% stake in the company. That's 82.4 million shares, worth $3.7 billion as of Friday's close.

That's an increase from December 2021, when Vanguard reported holding 67.2 million shares of Twitter, or about 8.4% of the company.

plus other, former shareholders are suing him

The shareholders said Musk made "materially false and misleading statements and omissions" by failing to reveal he had invested in Twitter by March 24 as required under federal law.

https://www.msn.com/en-us/money/new...sedgntp&cvid=eace8b921d32468dbc505bd742908b29