

EP 12: Dan Primack Talks Musk/Twitter, Zach Weinberg Explains Founding a $2.1B Co & Owning Nightclub
Apr 15, 2022
Zach Weinberg, founder of the $2.1 billion Flatiron Health, shares insights from his entrepreneurial journey, from tech to nightlife. He discusses the importance of networking and innovation in healthcare. Dan Primack, an Axios reporter, breaks down Elon Musk's controversial bid for Twitter, addressing the financial intricacies and governance challenges. The duo also dives into the complexities of crypto investments, blending philosophical debates with practical advice on navigating this evolving market.
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Episode notes
Impulsive Bid
- Elon Musk's bid for Twitter seems impulsive and not fully thought through.
- Investors are skeptical, shown by the gap between his offer and Twitter's trading price.
M&A Misunderstanding
- Elon Musk's poll about shareholders vs. the board deciding the Twitter acquisition reflects his misunderstanding of M&A.
- The board decides on the offer, not a public poll.
Poison Pill Defense
- Twitter's board might use a poison pill defense against Elon Musk's takeover bid.
- A poison pill dilutes shares, making a takeover more difficult.