So the question is was this copy pasted from some needlessly verbose article, or is this a LLM “enhanced” answer?
Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares?
ori@lemmy.world 5 weeks ago
The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake. Twitter invited Musk to join its board of directors, an offer he initially accepted before declining. On April 14, Musk made an unsolicited offer to purchase the company, to which Twitter’s board responded with a “poison pill” strategy to resist a hostile takeover before unanimously accepting Musk’s buyout offer of $44 billion on April 25.
jj4211@lemmy.world 5 weeks ago
ori@lemmy.world 5 weeks ago
Jakeroxs@sh.itjust.works 5 weeks ago
You STOLE IT from Wikipedia!?!? /s
ori@lemmy.world 5 weeks ago
I googled it instead of chatgpting it. Crazy I know
ori@lemmy.world 5 weeks ago
The Company isnt publicly traded anymore, so he bought the entire thing. 9% was just the start.
spankmonkey@lemmy.world 5 weeks ago
Thank you for stating it directly and clearly.