Episode 1443 • • 2:29 - 6:03
1443: Elon Sandwich
Elon Musk, Twitter Poison Pill, and Corporate Defense
Twitter's board of directors implemented a poison pill defense to block Elon Musk's $43 billion hostile takeover bid. The strategy allows existing shareholders to purchase discounted stock if any entity acquires more than 15% of the company. Speculation continues regarding Musk's "Plan B" and the potential for the stock price to drop following the blockade.