Fri. 04/15 – Twitter To (Poison) Pill Elon?

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Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 15 April 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Twitter’s board is contemplating a poison pill to ward off Elon Musk. The US said North Korean hackers were behind that big Axie Infinity theft. Mark Gurman lists the Macs that are in line to get the M2 chips. And, of course, the weekend longreads suggestions. Sponsors: AltoIRA.com/techmeme Links: Twitter Is Weighing a Poison Pill Defense to Thwart Elon Musk’s Takeover Bid (Bloomberg) Twitter Board Expected To Fight Musk Offer (The Information) US Officials Tie North Korea’s ‘Lazarus’ Hackers to $625M Crypto Theft (CoinDesk) Apple Readies Several New Macs With Next-Generation M2 Chips (Bloomberg) In latest gaming crackdown, China bans livestreaming of unauthorised titles (Reuters) Weekend Longreads Suggestions: The Talent Vortex: Mafias and Magnets (Investing 101) Musk Needs ‘Massive Loan’ or Big Tesla Sale to Buy Twitter (Bloomberg) Blind Ambition (Cybernaut/Every.to) Stablecoins Are in a War for Dominance and It’s Getting Ugly (Motherboard/Vice) How Chris Dixon’s Dive Down The Crypto Rabbit Hole Made Him The World’s Top Venture Capitalist (Forbes) AMONG EUROPE’S EX-ROYALS (The Atlantic) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Friday, April 15th, 2022. I'm Brian McCullough today.
0:09.0	Twitter's Board is contemplating a poison pill to ward off Elon Musk. The U.S. says North Korean
0:14.9	hackers were behind that big Axie infinity theft. Mark German lists the
0:19.2	max that are in line to get the next M2 chips and of course the weekend long rate suggestions.
0:25.6	Here's what you miss today in the world of tech.
0:29.2	Sources are telling various outlets that Twitter's Board of Directors is
0:36.1	considering a poison pill after Elon Musk's bid to buy the company. Another
0:41.4	plan apparently under consideration is merely saying that the offer is too
0:45.2	low, quoting Bloomberg. A poison pill defense strategy allows existing shareholders the right to
0:50.9	purchase additional shares at a discount
0:53.4	effectively diluting the ownership interest of the hostile party.
0:57.0	Poison pills are common among companies under fire from activist investors or in hostile
1:02.4	takeover situations.
1:03.9	Included in Musk's securities filing disclosing the bid
1:07.4	was a script of text he sent to the company.
1:10.1	In it he said, quote, it's a high price
1:12.4	and your shareholders will love it, end quote.
1:14.7	But at least one prominent investor said the offer was too low and the market reaction appeared
1:20.2	to agree.
1:21.7	Saudi Arabia's Prince Awalid bin Talal said the deal doesn't quote come close to the
1:27.2	intrinsic value and quote of the popular social media platform.
1:31.2	Speaking later Thursday at a TED conference, Musk said he wasn't
	...

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