Twitter board adopts poison pill after Musk’s $43B bid to buy company
Some points from the All in Pod.<p>1. The Twitter board of directors has become a status thing. It&#x27;s like a country club. They don&#x27;t have real skin in the game; they don&#x27;t own much stock. They&#x27;re not aligned with the shareholders. It&#x27;s about status and cultural power.<p>2. Why should we believe that the company will become more valuable when the stock price is where it was way back in December 2013? Compare to how the S&amp;P or Tesla did during this period. Twitter has languished for a long time.<p>3. They should put it to shareholder vote.<p>4. One AI engineer from Tesla could solve Twitter&#x27;s bot and spam problem.<p>5. The elites have somehow inverted history so they now believe that it is not censorship that is the favored tool of fascists and authoritarians, even though every fascist and despot in history used censorship to maintain power, but instead believe free speech, free discourse, and free thought are the instruments of repression.