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Money

Why is Twitter using a ‘poison pill’ on billionaire Elon Musk?

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Twitter’s board has adopted a ‘poison pill’ a day after billionaire Elon Musk made a eye-watering offer to buy the platform

Known as a “limited-duration shareholder rights plan”… twitter is fending off a hostile takeover

The move will prevent anyone from having more than a 15 per cent stake in the company.

It does this by allowing others to buy additional shares at a discount.

This major move comes a day after billionaire Elon Musk offered to buy the company for $43 billion dollars.

The Twitter board says it needed this plan of attack because of the “unsolicited, non-binding proposal to acquire Twitter”.

A poison pill is usually one of those last lines of defence against a company takeover.

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Money

Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

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Money

Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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