Business Insider

2022-04-15 22:51:11 Twitter isn't ready to accept billionaire Elon Musk's offer to buy the social media company and take it private. Instead, the company revealed today that it’s fighting Musk’s takeover bid by adopting a "poison pill" defense.

A poison pill defense (more formally known as a shareholder rights plan) dilutes a company's shares, making it more difficult and costly to buy. Read more about how the tactic works.

Musk is also no longer Twitter's largest shareholder. According to a recent SEC filing, Vanguard Group said its funds now own a 10.3% stake, which is worth $3.6 billion as of Friday's close.

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2022-04-15 00:00:42 This morning, Elon Musk offered to buy Twitter outright for $43 billion. "Twitter has extraordinary potential. I will unlock it," he told Twitter's chairman in a letter. Read his full letter here.

In the letter, Musk appeared to threaten to sell his 9.2% stake in the company if it rejects his audacious offer. Musk has said he has a “Plan B” if his offer is rejected, but he has not explained further.

Musk’s offer came under the guise of advocating for free speech. But Insider’s Linette Lopez argues that this offer actually has nothing to do with high-minded ideals. Instead, she says, it’s an attempt to menace the company into behaving more like him.

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2022-04-13 16:46:12 In an exclusive interview, Elon Musk spoke about Vladimir Putin, using nuclear power in the future, and love.

When asked about being the richest man, Musk said, “Putin is significantly richer than me.” Musk became the richest person in the world in 2021, passing Amazon’s Jeff Bezos.

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2022-04-12 19:50:22 In an exclusive interview with German newspaper BILD, Ukrainian President Volodymyr Zelenskyy talked about the emotional toll of the Ukraine war and his feelings toward Russia. He also said he would sit down at the negotiating table with Putin for the sake of the Ukrainian people.

Zelenskyy was interviewed the same day Russia attacked the Kramatorsk train station and killed at least 50 people trying to evacuate.

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2022-04-11 18:44:30 Twitter CEO Parag Agrawal on Sunday announced Elon Musk would not be joining the social media company's board of directors. This turn comes just five days after it was first announced the Tesla CEO was joining the board.

For many Twitter employees, this may come as a welcome surprise. Employees have publicly expressed their frustration at the decision on the social media app.

Since this announcement, Twitter stocks have fallen by 2%.

In other news, The Kremlin has announced plans to pad its reserves with $3.2 billion from Russia's oil and gas sales. The funds will be used to stabilize the Russian economy against sanctions.

In Tech, a mental-health crisis is brewing in Silicon Valley. Tech workers are complaining of sexual issues, burnout, and distress. Some say even the perks can't keep them from staying put.

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2022-04-08 22:50:03 Russian banks are reportedly seeing sharp increases in the Chinese yuan in their clients' accounts as Western sanctions limit access to the dollar and euro.

The EU announced a sweeping fifth round of sanctions today, targeting the two adult daughters of President Vladimir Putin, among hundreds of others. The announcement follows the US’s sanctioning of his daughters on Wednesday.

At home, it looks like the recent extension of the student-loan-payment pause might not be the last of the relief borrowers will get. Yesterday, White House Press Secretary Jen Psaki told reporters President Joe Biden "has not ruled out" broad debt cancellation.

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2022-04-07 22:02:15 The Senate has confirmed Judge Ketanji Brown Jackson, the first Black woman nominated for the Supreme Court. Three Republicans joined all Democrats in today’s historic vote.

Black women in the legal world had already been celebrating Jackson's Supreme Court nomination. The nomination, they said, was a milestone that marked significant progress for their representation in the legal field, but also for the country as a whole.

And experts say that Jackson's historic Supreme Court confirmation could push corporate America into a new age of diversity. At a time when Americans are demanding equity in all aspects of life, CEOs will be pressured into making similar calls for equity in their own companies, they say.

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2022-04-06 19:19:45 The US has been continuing its efforts to sanction Putin’s closest during the war in Ukraine with the latest sanctions on his daughters, barring them from the US financial system.

The EU may also sanction Katerina Tikhonovna and Maria Vorontsova, according to The Wall Street Journal.

Following the international condemnation towards Russian war crimes in the Ukrainian town of Bucha, more civilians have been coming forward with their stories.

One woman said Russian soldiers came to her house professing to be liberators and then killed her husband in front of her.

Finally, Russian cosmonauts sparked speculation after they wore yellow-and-blue spacesuits last month.

They later said they wore those colors to represent their university, not to symbolize the Ukrainian flag.

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2022-04-05 18:51:32 Russian forces are retreating and pulling out of the region around Ukraine's capitol, according to the Institute for the Study of War. These maps show the territory Ukraine has taken back after Russia's invasion.

Ukrainian President Volodymyr Zelenskyy railed against the United Nations' ineffectiveness to stop Russia's ongoing war in a speech to the Security Council.

Over $2 billion worth of yachts belonging to Russian oligarchs have been seized in Europe so far. Not all yachts have been seized, as some billionaires moved their vessels elsewhere.

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2022-04-04 18:26:16 Twitter shares have soared almost 25% after Elon Musk disclosed he'd taken a big stake in the social-media company. Recently, Musk criticized Twitter and suggested he might create his own social-media platform.

Donald Trump might be in more trouble than we thought after a Watergate prosecutor compared Trump’s missing January 6, 2021, phone logs to a minutes-long gap in one of Richard Nixon's calls related to the scandal that cost Nixon his presidency. She concluded that Trump's case had the potential to be far more serious.

In the workplace, a new study by Randstad found that 56% of Gen Z and 55% of millennials said they would leave their job if it interfered with their personal lives. The study showed that Gen Z and millennials were changing the power dynamic in the workplace, as they would rather be unemployed than unhappy in a job.

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