Twitter has taken action to protect itself with Elon Musk takeover
Twitter has taken action to ...
Subscribe to Newsletter

Twitter has taken action to protect itself with Elon Musk takeover

15 April 2022
1 min.
Twitter has taken action to protect itself with Elon Musk takeover

CEO of Tesla and Twitter

Twitter (NYSE: TWTR) on Friday adopted a restricted shareholder rights plan to protect itself from billionaire entrepreneur Elon Musk's $43 billion cash takeover offer.

Musk made the offer in a letter to Twitter's board on Wednesday. It also came to light after Elon Musk's statement appeared in a regulatory report on Thursday.

Under the plan, aimed at resisting a bid from a potential buyer, the rights would become available if someone acquired ownership of 15% or more of Twitter's outstanding ordinary shares in a transaction not approved by the board.

However, Twitter says the plan expires on 14 April 2023.

Shares in Twitter (NYSE: TWTR) closed at $45.08 in yesterday's trading, down -1.68%. The high per share was US$48.50 and the low was US$44.72.

Moreover, over the last five days, the social network's shares have fallen by -4.69%.

It is worth noting that today the company has a market capitalisation of USD 34.42 billion.

Twitter was founded in 2006 and is headquartered in San Francisco, California.

The company's leadership:

Parag Agrawal - CEO;
Leslie Berland - CMO;
Kayvon Beykpour - GM of Bluebird;
Dalana Brand - CPDO;
Nick Caldwell - GM of Core Tech;
Jack Dorsey - Founder;
Bruce Falck - GM of Goldbird;
Vijaya Gadde - Head of Legal, Policy, and Trust;
Lindsey Iannucci - VP of Operations;
Sarah Personette - CCO;
Ned Segal - CFO.

Persons12 and Companies1 in the news

Former Chief Financial Officer at Twitter
1 place
Head of Twitter’s customer-facing operations, overseeing global advertising sales, agency relations, revenue operations, and brand strategy consultation
2 place
Vice President operations and chief of staff at Twitter
3 place
Head of legal, public policy, and trust and safety at Twitter
4 place
General manager of Goldbird at Twitter
5 place
General manager for Core Tech at Twitter
6 place
Chief People and Diversity Officer at Twitter
7 place
General manager for Bluebird at Twitter
8 place
Chief Marketing Officer at Twitter
9 place
Former Chief Executive Officer of Twitter
10 place
Chief Executive Officer of Square
11 place
CEO of Tesla
12 place
X (Twitter)
1 place
Source foto:
Rating companies
15 Mention
14 Mention
12 Mention
10 Mention
Ford Motor Company
10 Mention
JP Morgan Chase
9 Mention
White House
7 Mention


News from is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York. news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year