Two business stories converged as Elon Musk took a Twitter kick at Netflix after the streamer’s stock sank on subscribers losses.“The woke mind virus Is making Netflix unwatchable,” Musk tweeted in a chain responding to news of Netflix’ share crash following yesterday’s earnings report.
He didn’t elaborate. Netflix stock is down 35% today, a massive hit, as confluence of factors (not really content related) have slowed its once mighty growth trajectory.Musk has also been pretty busy slamming the board of Twitter in other posts on Twitter, which he wants to buy.
Twitter’s board of directors put in place a so-called “poison pill” to make that harder. Musk is attempting to raise funds for a $43 billion cash offer with the help of Morgan Stanley and if he does, has hinted he’ll launch a public tender — going to directly to Twitter shareholders to buy their stock over the head of management.How do we know?
Three words – he tweeted “Love Me Tender” (an Elvis Presley song) after the poison pill, or shareholder rights plan, was announced.
Read more on deadline.com
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