Pivot The Poison Pill, The State of Streaming and Guest William D. Cohan
Apr 19, 2022
William D. Cohan, an accomplished author and journalist known for his finance expertise, dives into the intricacies of Twitter's recent 'poison pill' strategy to counter Elon Musk's acquisition bid. The discussion raises questions about corporate governance, shareholder interests, and the impact on free speech. They also tackle the bankruptcy of Alex Jones' Info Wars, and the shifting dynamics in the streaming industry, highlighting talent movements and the implications for content quality. Tune in for sharp insights and lively banter!
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Elon's Twitter Bid
- Elon Musk's Twitter bid faces challenges, including board opposition and questions about his financing and motivations.
- Twitter's board adopted a "poison pill" to deter the takeover, signaling a potential battle for control.
Gateway Computer
- Scott Galloway recalls serving on the board of Gateway Computer.
- He advised selling the company when its stock price plummeted, highlighting the importance of recognizing when to divest.
Poison Pill Explained
- Poison pills are a defense mechanism used by companies to prevent hostile takeovers, often seen as anti-shareholder.
- They dilute the acquirer's stake by offering discounted shares to other shareholders, hindering the takeover attempt.