Elon Musk made a vote about wanting to buy Twitter in a vote he made today. This vote came on the heels of the news that the Twitter Board was not interested in Elon Musk’s proposal. It was even learned that the Board of Directors found the businessman’s attitude hostile and tried to prevent the takeover.
Twitter has not yet made a statement about Elon Musk’s purchase request. However, the company is expected to address the issue by holding a meeting today. Let’s take a look at the details of the news together.
Elon Musk divided users into two: What will happen to Twitter?
Some users reacted to Elon Musk, who wanted to buy it completely after buying shares from Twitter! Here are the details..
Elon Musk said he has a plan B!
After the rumors emerged that the Twitter Board of Directors did not take kindly to the acquisition offer, Elon Musk conducted a survey. In this Twitter poll, the businessman asked whether the acquisition concerns the Board of Directors or the shareholders. In the survey, in which 719,228 people participated in an hour, the shareholders took the lead with 84% of the votes.
It is said that the Twitter Board of Directors will implement a poison pill strategy so that Elon Musk does not buy the platform. The poison pill strategy means that when an investor buys shares above a certain limit, they flood the market with shares. Many stocks flooding the market make it difficult for a person to buy. In addition, the individual shares are also costly for the buyer.
Elon Musk, who gave a TED talk today, stated that if Twitter does not accept the offer, he has a plan B. Although the Tesla CEO does not reveal what his plan is, it is estimated that he will threaten the company to sell the shares he bought.
What do you, our readers, think about this issue? Which side do you think will win this competition? You can express your thoughts in the comments section or on the SDN Forum.