Twitter's Poison Pill

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Twitter adopted a poison pill the t l d r on. That is that if elon owns 15 % or more of the company, twitter can dilute him down so the issue shares at a mass of discount. Poison pills are usually meant to force a hostile take over a individual to negotiate with the board. But it sounds like the board will reject on's offer of 54 dollars and 20 cents a share,. If it does get enacted, you pay 210 dollars, and then you get 420 dollars worth of twitters stock.

This week the boys breakdown the move2earn web3 app, STEPN, which pays you to go for a run/walk, share thoughts on Moonbirds, the successful NFT launch by Kevin Rose's PROOF collective. And what happened to Netflix, CNN+ and should Netflix sell ads?

Timestamps:

0:00:00 – What We’ll Cover + Guest vs No Guest?
0:04:37 – Earn Money By Walking w/ STEPN (Move2Earn)
0:16:09 – Where Does The Money Come From?
0:25:15 – Moonbirds NFT, Kevin Rose & Where Jack Is on NFTs
0:40:00 – Meme Of The Week
0:43:56 – CNN+ Doomed + Netflix Decline & Should Netflix Do Ads?
0:58:54 – Netflix vs YouTube
1:06:50 – Elon Twitter Update
1:12:53 – NIA First Anniversary

What Is Not Investment Advice?

Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.

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Nat’s thread:

https://twitter.com/nateliason/status/1515065142232371216?s=21&t=Jd9BlChsd7kJBGdqpmjr3w