News for hackers. Stuff that matters.
Re:Twitter board adopts poison pill after Musk’s $43B bid to... by Tyr42 on Friday April 15, 2022 @07:36PM (#31047284)
I think that's not how it works.

Imagine there are 1000 shares and Elon got 150 of them, bought at $50 so he owns 15%. If the board now sells 1000 new shares to people who aren't Elon, he now only owns 7.5%.

It's not that you resell to the board

Re:Twitter board adopts poison pill after Musk’s $43B bid to... by ericmay on Friday April 15, 2022 @08:02PM (#31047521)
Yea but that creates downward pressure in the shares too, so there’s a natural limit. Elon could just keep buying more and the market value of the company won’t change. If it did change I.e. you could issue more shares without changing the value of the asset you could just do that all the time from the standpoint of the company and raise infinite money.

So it’s a question of balance. Twitter can raise the fundamental value of Twitter a little bit but there’s no way they can raise it too much without driving the price down and then just having more shares available at lower prices, so like you could just buy 2 shares and spend the same amount of money.