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TWTR.US
id: 297, Created by Stan Vick Chase, Scout

Twitter Inc

On April 25, news came out that an agreement between Twitter (TWTR) and Musk had been reached at the originally announced price which is contrary to the usual practice of raising the buyout price in the event of an initial refusal.
On this news, TWTR stocks moved higher, damaging short sellers and covered sellers who made decisions based on previously announced BoD actions.
Back on April 15, Twitter's (TWTR) BoD approved a hostile takeover defense program called «the poison pill», making the Takeover problematic.

Taking no material changes in the proposed deal during that short period into account this course of action can be explained only by BoD negligence.
Alleged Offence
Mismanagement
Misleading Statements
Failure to Disclose
Price manipulation
Malpractice
Negligence
Breach of Fiduciary duty
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Short
Shock Event Date
25 April 2022
Collecting participants…
Created by Stan Vick Chase, Scout

Twitter Inc

Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute,...

    Ticker
    TWTR.US
    ISIN
    US90184L1026
    CIK
    1418091
    Sector
    Communication Services
    Industry
    Internet Content & Information
    Country
    USA
    Address
    1355 Market Street, San Francisco, CA, United States, 94103