(AmericanProsperity.com) – Twitter has been on the radar quite a bit lately, likely a result of the world’s richest man, Elon Musk, attempting to buy the entire company. While Twitter seems to think it has a way out, it doesn’t appear so. All the commotion has apparently awoken the social media platform co-founder and ex-CEO, Jack Dorsey, as he slammed the company on its own site.
— Daily Wire (@realDailyWire) April 19, 2022
A tweet talking about Twitter’s history claimed it was chock full of coups and plots to overtake the company, especially among its top board members. It appears Dorsey found this statement true, responding with a tweet of his own stating “it’s consistently been the dysfunction of the company.”
it’s consistently been the dysfunction of the company
— jack⚡️ (@jack) April 17, 2022
With Musk threatening to take over the company, Twitter has resorted to adopting what experts call a “poison pill.” This move allows shareholders, except anyone trying to buy the entire company, to purchase new shares at a lower price. In theory, Musk would have to pay more for the shares, effectively keeping him from buying them as he wouldn’t be able to afford it. Unfortunately for Twitter, the board seems to be forgetting that Musk is the richest person on the entire planet. It’s not a matter of whether he can afford it or not, it’s a matter of if he’ll spend the money.
Musk has already indicated that he has a contingency plan if Twitter decides to not allow him to purchase, though he didn’t offer any details.
~Here’s to Your Prosperity!
Copyright 2022, AmericanProsperity.com