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    <title>Aaj TV English News - Technology</title>
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    <pubDate>Wed, 08 Apr 2026 12:41:30 +0500</pubDate>
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      <title>Musk targets Twitter board as company adopts ‘poison pill’</title>
      <link>https://english.aaj.tv/news/30284225/musk-targets-twitter-board-as-company-adopts-poison-pill</link>
      <description>&lt;p&gt;&lt;strong&gt;Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s $43 billion cash buyout offer.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;“Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there,” Musk tweeted in response to a user’s post criticizing the board.&lt;/p&gt;
&lt;p&gt;Musk, a self-described “free speech absolutist” who has been critical of Twitter’s policies, did not elaborate on the tweet. Twitter did not immediately respond to a request for comment.&lt;/p&gt;
&lt;p&gt;Continuing his tirade against the company, Musk had launched a poll on Thursday asking his 80 million followers if “taking Twitter private at $54.20 should be up to shareholders, not the board”, to which a large majority responded “Yes”.&lt;/p&gt;
&lt;p&gt;Later, the Tesla chief executive also tweeted “Love Me Tender”, an Elvis Presley song, after Twitter opted a plan to sell shares at a discount to prevent any attempt by shareholders to amass a stake of more than 15%. Musk currently has a 9.1% stake.&lt;/p&gt;
&lt;p&gt;Meanwhile, in a series of tweet replies, co-founder and former CEO Jack Dorsey called out Twitter’s board on Saturday, saying “it’s consistently been the dysfunction of the company.”&lt;/p&gt;
&lt;p&gt;Dorsey’s statement was a reply to a tweet by venture capitalist Garry Tan that said: “The wrong partner on your board can literally make a billion dollars in value evaporate.”&lt;/p&gt;
&lt;p&gt;Shares of Twitter were up about 4% at $46.85, still significantly below Musk’s offer of $54.20 per share. They have risen roughly 15% since Musk disclosed his stake on April 4.&lt;/p&gt;
&lt;p&gt;Meanwhile, Twitter has also been informed by Thoma Bravo, a technology-focused private equity firm that had more than $103 billion in assets under management as of the end of December, that it was exploring the possibility of putting together a bid.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s $43 billion cash buyout offer.</strong></p>
<p>“Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there,” Musk tweeted in response to a user’s post criticizing the board.</p>
<p>Musk, a self-described “free speech absolutist” who has been critical of Twitter’s policies, did not elaborate on the tweet. Twitter did not immediately respond to a request for comment.</p>
<p>Continuing his tirade against the company, Musk had launched a poll on Thursday asking his 80 million followers if “taking Twitter private at $54.20 should be up to shareholders, not the board”, to which a large majority responded “Yes”.</p>
<p>Later, the Tesla chief executive also tweeted “Love Me Tender”, an Elvis Presley song, after Twitter opted a plan to sell shares at a discount to prevent any attempt by shareholders to amass a stake of more than 15%. Musk currently has a 9.1% stake.</p>
<p>Meanwhile, in a series of tweet replies, co-founder and former CEO Jack Dorsey called out Twitter’s board on Saturday, saying “it’s consistently been the dysfunction of the company.”</p>
<p>Dorsey’s statement was a reply to a tweet by venture capitalist Garry Tan that said: “The wrong partner on your board can literally make a billion dollars in value evaporate.”</p>
<p>Shares of Twitter were up about 4% at $46.85, still significantly below Musk’s offer of $54.20 per share. They have risen roughly 15% since Musk disclosed his stake on April 4.</p>
<p>Meanwhile, Twitter has also been informed by Thoma Bravo, a technology-focused private equity firm that had more than $103 billion in assets under management as of the end of December, that it was exploring the possibility of putting together a bid.</p>
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      <category>Technology</category>
      <guid>https://english.aaj.tv/news/30284225</guid>
      <pubDate>Mon, 18 Apr 2022 22:17:00 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>Elon Musk. File photo
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