Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by whatshisface on Friday April 15, 2022 @08:10PM
(#31047579)
The shareholders no longer care what happens to Twitter once they are shareholders no longer. (Except insofar as they are Twitter users.)
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Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by yalogin on Friday April 15, 2022 @08:12PM
(#31047595)
That need not be what the board wants and long term shareholders want. This pressure to accept an offer is for institutional (hedge funds) and short term investors. This thought process is similar to when the company decides to invest in the business at the expense of stock buy backs for example, the way Bezos ran Amazon for a long time.