Twitter showed its true colors when news of a takeover bid by Elon Musk was announced, and they opted for the simplest, so-called “business technique”.poison pill“And we basically summarize for you if Elon Musk wants to get a bigger slice of the Twitter pie, the company has a plan. avoid being able to hold more than 15% of the shares.

Twitter

Twitter called the move “limited duration shareholder rights plan“:

“The Rights Plan is intended to allow all shareholders to realize the full value of their investment in Twitter. The Rights Plan will reduce the likelihood of any entity, person or group gaining control of Twitter through market accumulation. free without paying all shareholders an adequate control bonus or allowing the board sufficient time to make informed judgments and take actions that are in the best interests of shareholders.”

Although details are scarce at this time, this so-called “poison pill” will likely be triggered if an entity acquires a 15% or more stake in Twitter. without board approval. Once activated, the measure will allow other shareholders the right to purchase additional shares of Twitter at an as-yet-unannounced strike price expected to be approximately half of Twitter’s current share price.

Now the interesting thing will be What will happen from now onand given what has been seen, the only one that will go wrong is Twitter, since Elon Musk has already threatened the existence of a “plan b”and is that the mere sale of all its shares will lower the stock market value of the whole company, and if this is preceded by the announcement of the creation or purchase of another social network that directly makes it competition, advocating freedom of expression, well, one can imagine what will happen to the value of shares.