Sources: Unsplash, Pixabay | Author: DeltaStock
Reading time: 3 minutes
Twitter’s board of directors armed itself against a potential aggressive buyout a mere day after the billionaire entrepreneur Elon Musk offered to buy the social network for $43 billion. The company’s management then approved a shareholder rights plan with a limited duration, better known as the “poison pill”.
Here’s what Ivaylo Chaushev, chief financial analyst of DeltaStock, makes of the whole situation and where it could be headed next.