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Twitter Board Adopts “Poison Pill” to Block Elon Musk’s Bid

Musk provided a proposal to purchase Twitter on Thursday.

Eduardo Razo

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On Thursday, Elon Musk provided a proposal to purchase Twitter. But, after 24 hours, the social media giant’s board of directors plans to make it harder for the Tesla CEO to acquire the company. 

Musk proposed to acquire all the shares of the social media company that he does not own for $54.20 per share, valuing the company at $41.4 billion. The offer has led to Twitter’s board adopting a limited-term shareholder rights plan called a “poison pill” the company announced in a press release. 

As a result, the method conserves the right of Twitter shareholders other than Musk to acquire more shares at a relatively low price, effectively diluting Musk’s stake.

“The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,” the company said in its statement.

The Twitter board will trigger the provision if Musk (or any other investor) acquires more than 15% of the company’s shares. Musk currently owns around 9% of Twitter’s shares.

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Keith Olbermann Scoffs At Dan Bongino’s WW III Remarks

Podcaster and political commentator Keith Olbermann took aim at media personality Dan Bongino for his comments about World War III last weekend. 

Ryan Hedrick

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Podcaster and political commentator Keith Olbermann took aim at media personality Dan Bongino for his comments about World War III last weekend. 

The “Unfiltered” host said on his Fox News show Saturday that he believes the U.S. government is slow-walking its people into a major conflict. 

“We’re in a really dangerous place right now,” said Bongino. “The sabotage of the crucial Nord Stream pipeline — delivers gas from Russia to Germany — is a really big deal.” 

According to Reuters, major leaks that suddenly erupted in the Nord Stream gas pipelines that run from Russia to Europe under the Baltic Sea have generated some theories. Russian President Vladimir Putin has blamed the west. 

“Who blew up the pipeline or pieces of it?” Bongino said. “That’s the multi-billion-dollar question. The blame game is already in full swing over who’s responsible.” 

“Based on this glazed look in his eyes, the question Dan Bongino SHOULD be asking is: Who knows where I parked my damn car?” Olbermann tweeted in response to Bongino’s post. 

Olbermann’s response to Bongino’s post drew plenty of reaction. 

“As usual, no evidence, just accusations,” one user said about Bongino’s comments. 

“Looking at the performance of Russian equipment in Ukraine, isn’t the culprit more likely a combination of poor construction and lack of maintenance leading to a catastrophic failure?” Another tweet read. 

Experts are reportedly calling the leaks an act of sabotage. 

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Rachel Maddow Releasing New Podcast Series

Rachel Maddow Presents: Ultra is the all-but-forgotten true story of good, old-fashioned American extremism getting supercharged by proximity to power.”

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A new podcast is coming soon from MSNBC’s Rachel Maddow.

Deadline reports Rachel Maddow Presents: Ultra will premiere two episodes on October 10th, with new episodes being released every Monday. In a teaser of the podcast, Maddow explains the series is “an American story.”

MSNBC described the series as a podcast featured on “sitting members of Congress aiding and abetting a plot to overthrow the government. Insurrectionists criminally charged with plotting to end American democracy for good. Justice Department prosecutors under crushing political pressure. Rachel Maddow Presents: Ultra is the all-but-forgotten true story of good, old-fashioned American extremism getting supercharged by proximity to power. When extremist elected officials get caught plotting against America with the violent ultra right, this is the story of the lengths they will go to… to cover their tracks.”

Under a new contract with NBCUniversal that saw Maddow scale back her nightly MSNBC program to Mondays only, she’s developing new projects like podcasts and documentaries. Alex Wagner now hosts the 9:00 PM ET primetime hour on MSNBC Tuesday to Friday.

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Keith Olbermann: American Journalism ‘Re-Invented’ During Trump Presidency

“The overwriting principle used to be: get a scoop, get in the paper or on the air as soon as possible because that’s your job, and that’s your only actual value to society as well.”

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During his Countdown with Keith Olbermann podcast Friday, the former cable news host slammed a recent opinion from Politico’s John Harris that Americans need more journalists like Maggie Haberman, among others.

Olbermann has been critical of Haberman’s decision to withhold important facts in relation to the former President Donald Trump and save them for her upcoming book rather than report them in The New York Times.

“What Harris does not understand is American ‘journalism’ did re-invent itself,” Olbermann said. “The overwriting principle used to be: get a scoop, get in the paper or on the air as soon as possible because that’s your job, and that’s your only actual value to society as well. It is also — and I speak as somebody who broke a lot of sports news including the Wayne Gretzky trade and Michael Jordan’s first dalliance with a comeback — it is the joy of doing the journalism. You have the story, and nobody else does!”

He continued by saying Harris and Haberman believe the point of American journalism is not to inform the public but rather how much money you can make in the process.

Haberman’s book “Confidence Man: The Making of Donald Trump and the Breaking of America” is expected to hit bookshelves on Tuesday, October 4th.

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