Case Study E Cell IIIT Sonepat
Elon Musk Set To Take Control Of Twitter Musk Will Pay Close To $44 Billion For Twitter
Elon Musk
Contact us @ecell.iiitsonepat
Elon Musk & Twitter
TIMELINE
Jan 31 April 14
Musk offers to buy the whole company
April 25
Twitter board approves the sale
Musk started quietly buying Twitter shares
April 15
Twitter adopts ‘Poison Pill’ to ward off takeover by Musk
Twitter Twitter, populated with millions of users, is one of the most influential social networking websites of the current time. With the formal announcement of Twitter being headed by Musk yet to be made, the future of the company remains uncertain
Elon musk has 87M followers on twitter He is very active on twitter retaining the large followers base Musk has big influence on financial market It is believed that he can manipulate market with his tweets
ELON MUSK
CEO Of SpaceX & Tesla
@ecell.iiitsonepat
Tesla Tesla, Inc., formerly (2003–17) Tesla Motors, American manufacturer of electric automobiles, solar panels, and batteries for cars and home power storage. It was founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning and was named after Serbian American inventor Nikola Tesla
SpaceX SpaceX was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars. SpaceX manufactures the Falcon 9 and Falcon Heavy launch vehicles, several rocket engines, Cargo Dragon, crew spacecraft, and Starlink communications satellites
THREE REASONS
For Choosing Twitter Influence over market
Free Speech
Removing Spam Accounts
Musk has a big influence on financial market. Many instances show him manipulating markets with his tweets. Musk says, "Free speech is the bedrock of a democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated" Elon Musk in his statement, says to remove all the spam accounts from the twitter platform
IN RESPONSE TWITTER ADOPTED POISON PILL STRATEGY EARLIER TWITTER, IN ITS BID TO THWART THE UNSOLICITED TAKEOVER OFFER, ADOPTED THIS DEFENSIVE TACTIC CALLED THE LIMITED DURATION SHAREHOLDER RIGHTS PLAN. THIS PLAN IS COMMONLY CALLED A POISON PILL. IN A FILING TO THE STOCK EXCHANGE, TWITTER SAID THE PLAN WOULD PROTECT STOCKHOLDERS FROM COERCIVE OR OTHERWISE UNFAIR TAKEOVER TACTICS. TWITTER’S POISON PILL MAKES TAKEOVER DIFFICULT AND COSTLY TOO
Poison Pill A poison pill is a defense tactic utilized by a target company to prevent or discourage hostile takeover attempts Poison pills allow existing shareholders the right to purchase additional shares at a discount, effectively diluting the ownership interest of a new, hostile party Poison pills often come in two forms the flip-in and flip-over strategies
Finally, He Bought Twitter
For $44 Billion
Follow Us
FOR MORE