Twitter has developed a poison pill plan to block Musk's acquisition.
What are Twitter shareholders afraid of?
Come out and do things to make money, if Musk comes, can make money for Twitter, welcome is not too late.
But Twitter's shareholders are afraid, it is reasonable to say that the world's new richest man's earning power should also be world-class, why do Twitter shareholders not believe it?
If you're a shareholder in Twitter, what are you most afraid of?
Fear of losing control. By the way, making money in front of you is small, and making money in the long run is big. If you lose control, you may make some money in the immediate future, whether you can make money in the long run, or whether the money you make has anything to do with the shareholders now.
Afraid that Musk will definitely hold the shares, he has the final say.
Musk said to unleash Twitter's potential. Musk's posture as an opinion leader is not very friendly to look at.
Before he could take control, Musk proposed that Twitter should publish its core algorithms and become a "platform for global free speech." He also listed details of improvements such as setting up authentication flags, banning ads, lowering fees, and accepting Dogecoin payments for Twitter Blue premium subscribers.
Musk always appears as an industry disruptor, although his original intention was not to subvert anything, but in the process of implementation, he did subvert something. That's probably what Twitter's big shareholders are worried about.
In the face of Musk, a subversive expert, Twitter, the so-called technology leader, also appears conservative.
In business, I am afraid of monopoly. On the one hand, it is pursuing monopoly in order to obtain high profits. On the one hand, they are afraid of losing their monopolies and worrying about replacing the old monopolies with new monopolies.
That's what Twitter fears, and Musk has the potential to create a new monopoly that doesn't seem so beneficial to the old shareholders.
In fact, Musk will not be involved in technology projects other than Martian colonization unless necessary. Judging from the several companies that Musk has set up and the several projects involved, everything is revolving around letting humans rush out of the earth and become an interstellar species, and the first target is Martian colonization.
It can be seen from this that Musk may not want to make good money on Earth, and the acquisition of Twitter is just to do experiments on Earth, to build an interstellar social platform for the future, and to build a soft environment for the social structure of Martian colonization, and making money is secondary.
Shareholders are afraid of Musk's desperate gamble, using blockchain technology to achieve his goals regardless of making money, using Twitter as a tool to disrupt the industry, not an end.
Taking a step back, even if Musk still sees making money as his first purpose, shareholders may be concerned that the goal of making Twitter a "platform for free speech in the world" will completely lose Twitter's competitive advantage.
Whether Musk can reach a privatization of Twitter, let's wait and see.