Business Wars Flipping the Bird: Elon vs Twitter | I Am Supposed to Believe This Man is a Genius? | 2
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Jul 10, 2025 Lauren Hirsch, a New York Times business reporter, shares insights on Elon Musk's dramatic $44 billion bid for Twitter. She discusses the shocking reactions from the board and Musk's ambiguous public comments. The podcast explores the tensions between free speech and trust, delving into the challenges Musk faces in negotiating the acquisition. Hirsch highlights the turmoil within Twitter as employees grapple with shifting company culture amidst uncertainty and skepticism about Musk’s intentions.
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Board Cornered by Elon Offer
- Elon Musk's $44 billion offer to buy Twitter forced the board into a corner.
- The board had to seriously consider the apparently too-good-to-refuse offer despite uncertainties.
Board Evaluates Musk's Offer
- Twitter board hired bankers to evaluate if Elon Musk's $44 billion offer truly maximized shareholder value.
- They needed to justify rejecting or accepting offers responsibly to shareholders.
Poison Pill Defense Tactic
- Twitter board used a poison pill to dilute Elon Musk's ownership and buy time.
- This corporate tactic sought to regain leverage and deter hostile takeover.