What Hath Elon Musk Wrought, Part 2
By now most people are aware of the Elon Musk/Twitter saga. After purchasing a 9.2% share of Twitter, he then proposed buying the company outright.
Twitter acted to prevent the takeover by using a poison pill approach. This would involve issuing shares at half price to existing shareholders if any investor would gain ownership of more than 15% of the outstanding shares.
Twitter’s temper tantrum (that’s what the poison pill offer was) publicized to the entire world Twitter’s desire to continue to censor free speech. It also exposed its extreme hostility to more than half of its potential customers worldwide, that is those who believe in free speech.
What is the real purpose of all of Elon Musk’s actions?