Elon Musk, who has become the largest shareholder of Twitter with a surprise move, has his eyes on all the shares. Twitter shareholders will not sit empty-handed in the face of Elon Musk, who has received great criticism.
Poison pill tactic
According to the information received, the Twitter administration has activated a formula known as the poison pill in the economy world. The poison pill formula creates a counter-group when an investor increases their stake in the company, selling shares at a lower price to other investors. It is stated that Twitter will reduce Elon Musk’s share by selling new shares to the market in this scenario.
Elon Musk wants Twitter to be open source
If Elon Musk does not give up on his intention, the poison pill formula will be activated within 364 days. In the past years, the poison pill formula was introduced to prevent the Papa John’s pizza chain from being bought again by its owner, and then the two sides came to a compromise.
On the other hand, there are rumors that Elon Musk may buy Twitter by partnering with one of the big portfolio platforms such as Silver Lake. As of now, no official statement has been made regarding this.
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