The Twitter Board’s “Poison Pill” and Elon Musk’s response
The takeover of Elon Musk on Twitter has really unleashed a nice storm on Twitter and there are big changes in the last few hours that show just what the "strong powers" are ready for in order NOT to allow a liberal evolution of social networks and continue using them as a sort of “Ministry of popular culture”, as has happened up to now.
Let's see what has happened so far and what are the possible evolutions:
- The Twitter Board is seriously considering adopting what is called a " Poison Pill" to avoid Musk's purchase. It is a question of deciding on an increase in the capital reserved for current shareholders, therefore a dilution of the capital that would make the takeover, in their ideas, much more difficult. Too bad that this dilution would also dilute all of Twitter's ordinary shareholders, not being due to corporate expansion reasons, but only to the will of an inefficient board to maintain power. There would be a flood of liability actions against the board for its decision, which forces shareholders to whip out some money and forgo a profitable Elon Musk offer. A legal Armagheddon, but the Board is ready for anything;
- Elon Musk met with possible partners for the climb, in this case Silver Lake Partners, Egon Durban, already wanted to collaborate with Musk to make Tesla "Private", unlisted. Silver Lake is already on the Twitter board, so it would be a useful ally. Then there is Larry Ellison, of Oracle, also on the Twitter board, but who had at the time expressed an interest in buying TikTok;
- There are also possibilities of an opposing consortium, such as the one that could create the expert and investor in the sector Thoma Bravo.
Why is Twitter so important? Because it is the tool with which the elites delude themselves that they can "Form" thought and control the mass. They made it clear to MSBC: Elon tries to control the way people think, and this is our job !!
“Elon is trying to control how people think. That is our job ". pic.twitter.com/NywLXXu8hz
– Dave Portnoy (@stool president) April 15, 2022
This is why this fight is so important: the left deludes itself that it can control people's minds with social media.
What will Musk do now.
- it will continue weaving its relationships up to well over 50% and radically changing Twitter;
- it will wait for the board to create an alternative consortium that will make a better offer than its own, then sell its shares at a profit. At that point he will have resources and contacts to launch his own social media, which he already wanted to do. A colossal disaster for Twitter;
- He will take the money home because all of this was just a show to make money
You choose your version.
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The article The “Poisoned Pill” by the Twitter Board and Elon Musk's response comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-pillola-avvelenata-del-board-di-twitter-e-la-risposta-di-elon-musk/ on Sat, 16 Apr 2022 17:06:37 +0000.