What Is a Poison Pill and Why Is Twitter Taking It?

If I were Elon, I would have a close group of associates who are not him, with the resources to (each) acquire a 5% share. Elon triggers the poison pill, and his associates buy their 5% shares. Nine of them amount to 45%. Elon then buys them out for a tidy profit (say, 10% over their costs). If the individual share prices have been discounted enough then Elon still gets a bargain (although it might result in a higher cost over his original plan).

Because Twitter is a creation of the Far Left, dedicated to tilting the debate against free speech and in favor of the globalists and socialists. The far-left progressives on the board would rather see the company crash and burn before allowing a really capable manager like Elon Musk to take it over. Watch the stock price hit the basement soon.

Twitter announced on Friday that its board of directors has unanimously adopted a “poison pill” defense to prevent Elon Musk from acquiring the company. If any business, person, or group acquires 15 percent or more of Twitter’s outstanding common stock through a transaction not allowed by the board, according to the announcement, other stockholders will be able to purchase additional shares of stock at a discount price.
The poison pill technique, also known as a shareholder rights plan, is used as a defense strategy by a target firm to prevent or discourage a potential hostile takeover.