3 ms·

can someone explain why you'd spend $210/share rather than just buy on the open market at ~$50/share now? Are the $210 shares better in some way? Why would the

can someone explain why you'd spend $210/share rather than just buy on the open market at ~$50/share now? Are the $210 shares better in some way? Why would the $210 price double?

ada1981 4y ago
Who is buying shares at $210?
- ceejayoz 4y ago
  It's a bit confusing; it's not $210 a share, but that was the exercise price for the poison pill bonus shares. https://twitter.com/matt_levine/status/1516047634812833799 https://twitter.com/matt_levine/status/1516047634812833799
  - abfan1127 4y ago
    so if they buy it at $210, but can sell it at $420? who buys it at $420? Twitter?
    - ceejayoz 4y ago
      They would've had the right to purchase $420 worth of stock for $210. Functionally, a stock split for everyone but Musk. Hence, poison pill.
weezin 4y ago
If I had to guess it was probably 8 shares total for the price of 4.