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

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2 years ago

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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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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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