Twitter Takes the Poison Pill

Twitter decided to prevent Elon Musk from buying the company.

They took what in finance circles is called a “poison pill.” Or, Twitter’s Board of Directors adopted a limited duration shareholder rights plan.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store