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Elon Musk just STUNNED Twitter with a new move | Redacted with Natali and Clayton Morris
Elon Musk has upped his bid for Twitter to $46.5 billion. This puts Twitter’s board in an incredibly tricky position. If Musk’s offer is rejected and Twitter’s stock plummets, the board could be held accountable for not upholding their fiduciary to shareholders. That could be by way of a lawsuit. The board has to hold a shareholder vote, which directors do not like to do. Musk says that if his bid is rejected, he will sell all of his stock, pretty much assuring that Twitter’s stock would tank. He’s forced the board into a corner and we are here for it with popcorn.
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