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Twitter opts for suicide, screwing its shareholders, & burning Twitter to the ground in lieu of free speech.

Twitter opts for suicide, screwing its shareholders, & burning Twitter to the ground in lieu of free speech. | THERE'S NOTHING TO SEE HERE. MOVE ALONG. WE'RE JUST OFFERING A LITTLE DISCOUNT TO OUR SHAREHOLDERS -; POISON PILL STOCK  MANEUVER; TWITTER EMPLOYEE  >; <SHAREHOLDERS>; TWITTER BOARD OF DIRECTORS; TWITTER EMPLOYEE; TO BLOCK ELON MUSK FROM BUYING OUT OUR 'PROGRESSIVE' ECHO CHAMBER & OPENING UP A FREE-SPEECH PLATFORM THAT CHALLENGES OUR UNCHALLENGED VIEWS. | image tagged in twitter,elon musk,free speech,tesla,1st amendment,stock market | made w/ Imgflip meme maker
835 views 16 upvotes Made by CentralNYGuy 2 years ago in politics
7 Comments
2 ups, 2y,
2 replies
Up-Voted. Also what if Elon has already secretly bought off enough shareholders to make this 'poison pill' defense meaningless? It will be interesting to see where this goes.
1 up, 2y,
1 reply
I don't think he can get away with making large share purchases without the IRS, FTC, or FEDS knowing about it. Especially when you're a world-known billionaire with all eyes on you like he is. I'm sure the US government watches him like a hawk. Especially him, because he's not a rabid left-wing radical like most billionaires. They hate that. He's a pretty middle-of-the-road moderate.

However, Elon Musk strikes me as a really sharp guy who knew they would respond this way or at the very least has a plan B if they did. As a matter of fact - he may have even planned it this way.

When making the purchase offer to Twitter - he threatened them by implying that if they refused his premium buy-out offer, he would unload his shares and tank the stock. The interesting thing is that Twitter did that themselves by offering the poison pill solution.

Twitter is essentially committing suicide and screwing its shareholders just to try and block him from buying out the company and making it a free speech platform. Twitter is small among most other social media tech giants & dwindling in popularity, but it still largely drives the news cycle. The left knows this and is fighting tooth and nail to retain that.
1 up, 2y
Excellent points and food for thought. Thanks!
0 ups, 2y
It will most certainly be interesting to see how Elon Musk responds. No doubt.
1 up, 2y
And I thought stockholders were in it for the money... Too bad they're letting others steal their money...
1 up, 2y
I have known Twitter was dead for a decade. Good to see other people are finally catching up.
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IMAGE DESCRIPTION:
THERE'S NOTHING TO SEE HERE. MOVE ALONG. WE'RE JUST OFFERING A LITTLE DISCOUNT TO OUR SHAREHOLDERS -; POISON PILL STOCK MANEUVER; TWITTER EMPLOYEE >; <SHAREHOLDERS>; TWITTER BOARD OF DIRECTORS; TWITTER EMPLOYEE; TO BLOCK ELON MUSK FROM BUYING OUT OUR 'PROGRESSIVE' ECHO CHAMBER & OPENING UP A FREE-SPEECH PLATFORM THAT CHALLENGES OUR UNCHALLENGED VIEWS.