BREAKING: Twitter said that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company and take it private.
The Tesla CEO claims his offer to buy the social media giant for $43 billion would be good for free speech on the platform. ABC News’ Andrew Dymburt has the details.PROVIDENCE, R.I.
Twitter had revealed in a securities filing Thursday that Musk offered to buy the company outright for more than $43 billion, saying the social media platform “needs to be transformed as a private company” in order to build trust with its users. Later on Thursday, during an onstage interview at the TED 2022 conference, he went even broader: “Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization.”
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