Equity Are poison pills really that bitter?
Apr 18, 2022
In the latest discussion, the hosts tackle the mixed performance of global stocks and Didi’s messy exit from U.S. markets. The cryptocurrency scene faces turmoil, especially with the Beanstalk exploit raising concerns. Zambian startup Union54 impresses with its $12 million funding, while the competition in India's food delivery market heats up. The hosts delve into the pros and cons of poison pills as a defense against hostile takeovers, highlighting investor contradictions, especially among those backing dual-class shares. A live show is coming up too!
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Crypto and Earnings
- Major crypto tokens are down, but the market is mostly calm.
- Earnings season is coming up, with big tech companies like Netflix, Tesla, Google, and Apple reporting.
Didi Delisting
- Didi will vote on delisting from the NYSE and will not list elsewhere until that is complete.
- Investors are not happy, and Didi's share value has plummeted.
Beanstalk Exploit
- Beanstalk, a decentralized credit-based stablecoin, was exploited for $182 million.
- The attacker used a flash loan to manipulate governance tokens and steal funds.