Latest Twitter Takeover Stories

From CNN’s Reliable Sources:

Tweet storm…

Twitter shares will resume trading on Monday after the long holiday weekend. The stock’s performance will reveal … something … about confidence in Elon Musk’s takeover bid and the Twitter board’s adoption of a “poison pill” provision. To date,investors have given Musk a “no confidence” vote, in the words of the FT.

There is simply so much uncertainty. As The Information’s Jessica Toonkel told me on Sunday’s “Reliable Sources:” Is Musk “just trolling right now or does he really want to buy the platform? I think that’s what the board is trying to figure out.” CNN Business tech reporter Clare Duffy added: The “poison pill” gives the board “a little bit more time and power… and potentially gives them more opportunity to negotiate with other potential buyers.”