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Entrepreneur Elon Musk, the wealthiest man in the world, is giving the 'blue check' crowd nightmares with his bid to complete a hostile takeover of Marxist-controlled Twitter.
The social media company's board of directors today took action to prevent this development.
The "poison pill," as it's called in corporate terms, gives Twitter's existing shareholders time to purchase additional shares at a discount, thus diluting Musk's ownership stake, reported Axios.
The move is designed to make it difficult for anyone, including Musk, to build a stake worth more than 15% of the company.
"The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders," the company added.
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and so the truth comes out... this was a conspiracy all along, Musk is playing along in an attempt to sustain Twitter by infusing more cash into it. The House of Cards was about to fall, they pretended and lied and covered for years. They were long an empty husk, living off the lie they are still successful. But just as the beast was about to die, they came up with the conspiracy to revitalize Twitter. They couldnt let it die. what would that say about the left and their propaganda machine? Twitter is their darling. Their beloved propaganda voice. Their echo chamber of filth, where every liberal lunatic goes to reasure themselves of their just cause whenever they go out into the world and are confronted with real facts. If Twitter fell, that would end all. That cannot happen. So they concocted this plan, with Musk's help, to artifically give Twitter a few more months or a year until they could find some other way to keep the lie going.