UPDATE: Twitter is said to be weighing a poison pill to prevent Elon Musk from increasing his stake in the company significantly, the WSJ reported, citing a person familiar with the situation
from increasing his stake in the company significantly, the WSJ reported, citing a person familiar with the situation. The defensive strategy, also called a shareholders rights plan, make hostile takeovers more expensive and complicated for a buyer.
During an interview at a TED conference in Vancouver today, Musk suggested — as he did earlier in his letter to Twitter’s board — that free speech concerns lay behind his bid, calling Twitter the “de facto town square.” He revealed them in a letter to Twitter chairman Bret Taylor dated April 13. “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk is hit with a class action lawsuit over his Twitter investment | EngadgetElon Musk has only been Twitter’s largest shareholder for a few weeks, but he’s already facing a class action lawsuit over his handling of the investment..
Weiterlesen »
Elon Musk Sued by Twitter Investors Over Late DisclosureTwitter shareholders filed a proposed class action accusing the Tesla mogul of profiting off of his failure to notify financial regulators of his stake in the company.
Weiterlesen »
Elon Musk Sued for Allegedly Dawdling on Disclosure of Twitter StakeAccording to Marc Bain Rasella’s complaint, in dragging his feet to file, Elon Musk – Twitter’s most notorious troll – managed to scoop up more shares at a deflated price.
Weiterlesen »
Twitter ‘a s–t-show’ for employees since Elon Musk took major stake: reportMusk’s surprise rejection of a Twitter board seat emerged ahead of a scheduled “day of rest” for company employees, according to a report.
Weiterlesen »
Twisty-Turny Elon Musk Drama Sparks Gallows Humor, Unease At TwitterInvestors shrugged off Musk's reversal over joining Twitter's board, but he and the company itself both signaled the commotion likely isn't finished.
Weiterlesen »