Elon Musk is the richest man on this planet and he wants to use some of that wealth to buy Twitter. The billionaire has a diversified pool of investments and ventures. Elon Musk’s latest efforts are aimed at buying Twitter and he’s bent on getting what he wants.
The Tesla founder took to Twitter to eliminate bots from the social media platform. The task seems impossible but if there’s one person who can do that, it’s Elon.
If our twitter bid succeeds, we will defeat the spam bots or die trying!
Under the plan, shareholders’ rights will become exercisable if any person or group owns 15% or more of the company’s outstanding shares. If that occurs, stockholders will be able to purchase additional shares at a discounted rate.
If the board does believe that Elon Musk purchasing the company is in the best interest of shareholders, they could theoretically allow it. That is very unlikely to happen. The plan will expire on April 14, 2023.
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