3 ms·

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.