Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by chernevik on Friday April 15, 2022 @10:35PM
(#31048766)
1. The possibility that Musk would bid for the company, nonzero before all of this, goes to zero.
2. The market observes a very capable businessman, after discussion with management, deems it incompetent and value-destructive.
3. Said businessman, with a track record of remarkable success in a variety of ventures and demonstrated skill with social media, may launch a competitor service.
All three of these are bad signals for Twitter's future cash flows.
2. The market observes a very capable businessman, after discussion with management, deems it incompetent and value-destructive.
3. Said businessman, with a track record of remarkable success in a variety of ventures and demonstrated skill with social media, may launch a competitor service.
All three of these are bad signals for Twitter's future cash flows.