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Twitter’s poison pill too hard to swallow for Elon Musk?

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Sylvie Claire / April 22, 2022

The poison pill brandished by Twitter against Elon Musk is a mechanism with proven effectiveness, which could force the fiery entrepreneur to negotiate if he cannot force his way in. To prevent a takeover, the board of directors plans to activate the pill if the Tesla CEO reaches 15% of Twitter’s capital on the stock market.
 
It currently owns 9.2% of the company and said on Thursday that it had raised the necessary financing to launch an offer for the rest, for a total of $46.5 billion.
 
From 15%, all shareholders other than Elon Musk could then buy shares at half price, which would increase the number of shares in circulation and dilute the weight of the insatiable billionaire. It would then be almost impossible for him to take control of the company, unless he spent a much larger sum than originally planned. The dilution created by this defense usually acts as a deterrent, explains Eric Wehrly, assistant professor of finance at Western Washington University.
 
The poison pill was invented 40 years ago by corporate lawyer Martin Lipton to counter the wave of hostile takeovers taking place on Wall Street.
 
Quickly challenged in court, the practice was validated for the first time in 1985, by the Supreme Court of Delaware, on which Twitter depends, even though the group is Californian. Half of the listed companies were created in this state, with its advantageous tax system, which has well established the jurisprudence on poison pills, explains Jon Karpoff, professor at the University of Washington. Unless there’s something unusual about the pill, which I doubt, (…) Mr. Musk would have little chance of winning in court and getting the scheme overturned, he believes. I don’t think it will go to court, because Elon Musk has no legal basis to triumph, agrees Brian Quinn, an assistant professor at Boston College University.
 
The first alternative to acquiring a majority of the capital is to change the board of directors, explains Brian Quinn, and to install allied members. But the list of resolutions for the next general meeting of Twitter, set for May 25, has already been decided, which means that Elon Musk could not intervene before the next general meeting, in 2023.
 
The second obstacle is that the Board of Directors can only be renewed in tranches. Some members finish their term this year, while others are guaranteed to be there until 2023, 2024 or even 2025. To obtain a majority on the board, Elon Musk would have to wait at least until 2024.
 
For the law professor, given the configuration, the only option is to negotiate with the board of directors, presumably with an upwardly revised offer, with no guarantee of success. In case of talks, Elon Musk will not be able to count on the iconic former Twitter executive Jack Dorsey, unless a quick settlement is reached.
 
The co-founder of the platform has several times publicly stated his sympathy for the 50-year-old billionaire, to the point of echoing his criticism of the board. After his resignation last November, Jack Dorsey announced that he would not seek another term as a director and would leave the board at the end of the AGM.
 
Often, alongside negotiations, according to Jon Karpoff, potential buyers campaign, which Elon Musk has already begun to do, mainly, ironically, using Twitter.
 
And I think his popularity among a lot of people will help him, the academic anticipates. I wouldn’t be surprised if he rallies small holders (…) to help him put pressure on the board.

 

Chris TDL Organizations is a Multinational parent managing company or multiple marketing and brand management entities.

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Elon Musk blasts Apple-OpenAI deal and threatens to ban the iPhone from his companies

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Elon Musk blasts Apple-OpenAI deal and threatens to ban the iPhone from his companies, Magnate Daily
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Steph Deschamps / June 13,  2024

 
On Monday, Apple unveiled a new device optimization system based on generative artificial intelligence (AI).
 
Tesla and Space X boss Elon Musk has slammed the partnership announced on Monday between Apple and OpenAI, saying he would ban iPhones from his companies because of the threat to data security.
  
“Apple has no idea what will happen once it entrusts your data to OpenAI. They’re stabbing you in the back,” assured the billionaire on social network X, after Apple introduced a new system for optimizing its devices operated through generative artificial intelligence (AI).
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A New Era of Global Communication Through Outernet

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A New Era of Global Communication Through Outernet, Magnate Daily
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As global connectivity continues to expand through the advancement of fiber and wireless networks, there still exist gaps that marginalize vulnerable populations and hinder the progression of society as a whole. Fortunately, there are promising alternatives on the horizon that aim to bridge these divisions through ambitious satellite ventures, providing internet directly from orbiting satellites. This concept, known as “Outernet”, represents a future where unprecedented access leads to shared understanding and collaborative advancement based on the principles of egalitarian care.

The pioneers of Outernet are deploying constellations of cube satellites that transmit narrowband internet signals, captured by portable ground stations. These satellites are strategically positioned in orbit to maximize coverage, ensuring connectivity even in polar regions and areas where terrestrial cables fall short. The compact size of these cube seats allows for scalability and regular replenishments to maintain services as hardware ages, all while adhering to sustainable practices under close technical supervision.

In addition to overcoming technical challenges, Outernet’s transmission protocols intelligently manage signals to navigate interference and atmospheric fluctuations across satellites. International standards are in place to ensure fair accessibility, promoting shared understanding over monopolization tendencies. As a result, Outernet emerges as a platform that facilitates widespread communication, promoting balanced outreach and fostering societal growth in a volatile orbital environment.

Initial implementations of Outernet have already provided vital connections to isolated researchers in polar regions and disaster-stricken areas, previously starved of information. The provision of narrowband internet has facilitated coordination in critical situations, demonstrating the potential of such technology to save lives and foster reciprocity in times of need.

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Furthermore, the expansion of internet access in rural areas has empowered small businesses, education initiatives, and civic engagement, aligning with age-old principles of responsible sharing and abundance. In crises, Outernet provides swift and balanced relief efforts through disaster warnings and military communications, showcasing its potential as a preserver of life and coordinator of outreach guided by the spirit of cooperation rather than competition.

Nevertheless, the proliferation of digital connectivity brings forth technical and ethical dilemmas, especially when addressing the needs of digitally disconnected populations. Indigenous communities, in particular, face challenges in navigating the dissemination of information while preserving cultural values, viewing these tensions not as limitations but as opportunities for cultural enrichment and shared progress.

Meanwhile, the responsible stewardship of orbital environments is paramount as Outernet continues to expand its reach. By adhering to international norms and monitoring the removal of defunct satellites, this initiative strives to protect delicate ecosystems and uphold philosophical principles that guide sustainable progress for all. Outernet’s applications are designed to be balanced and spiritually enriching, acting as vessels for advancement while maintaining a deep respect for humanity’s collective flourishing amid societal changes.

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Maher Asaad Baker
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https://maher.solav.me

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How Apple Vision Pro is Revolutionizing the Digital Experience

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How Apple Vision Pro is Revolutionizing the Digital Experience, Magnate Daily
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Let us venture forth into the burgeoning realm of spatial computing, where man and machine grow ever closer in their synchronous dance. Apple Vision Pro offers us glimpses of a magnificent future, one where the rigid boundaries between virtual and visceral dissolve before our very eyes. Through its intuitiveness and profound understanding of how humans perceive and interact with the world, it seamlessly blends digital content into physical space.

With but a glance, users may navigate this nascent frontier. Eye, hand, and voice alike serve as conduits, allowing unfettered exploration where before there were limitations. Doors long closed swing open, revealing untold possibilities for play, productivity, and presence. No longer tethered to static planes, applications leap beyond screens to occupy the infinite canvas of reality itself. Notes, webpages, and conversations materialize as if conjured, ready for scaling and rearrangement at a thought.

What place cannot become a theater with but a word? Apple Vision Pro transforms any room into a veritable Odeon, projecting entertainment onto vast vistas visible only to the solitary viewer. Greater than any mere television, its displays offer pixel densities to shame the highest resolutions, immersing the observer in visual and aural splendor. And through the magic of spatial computing, users watch not from a remove but as active participants, present yet voyaging far. Flickering images speak in wraithlike 3D, while sounds emerge naturally from all sides as if from an unfolding dream.

Yet its vision peers not only outwards but inwards as well, capturing fleeting moments in exquisite photonic sculpture. Spatial photos resurrect cherished memories in intimate detail, allowing the beholder to relive and explore them anew through novel modalities. Time folds in on itself as virtual reality rejoins actuality, granting novel modes of emotional succor and nostalgic release. Likewise, seamless integration with iPhone ushers in novel avenues of artistic expression and personal chronicle across platforms.

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Distance too melts before its visage. Through platforms like FaceTime, Apple Vision Pro annihilates bounds of land and cyber, transporting dispersed colleagues or cherished ones together in shared virtual space. Spatial Audio places each conversant as if physically present while large-scale video ports dissolve the peripheries. Apps then complement discourse, enabling synchronous collaboration as though in the same room. Work thus ceases being something done and becomes a fellowship experienced, elevating productivity through heightened sociality, presence, and care for fellow travelers along this technological path.

In every exquisite detail, Apple Vision Pro attests to generations of refinement in balancing form and function. Three-dimensionally sculpted glass flows as a topological manifold into gracefully curving metal, contoured for comfort yet empowered to perceive. Digital optics transport visual splendors while discrete arrays track motion with machine precision. An intimate light seal cuts stray radiance, and speakers spatialize soundwaves into a private surround, maintaining perceptual richness even as we interface. It stands as a triumph of patience, expertise, and insight into the human condition – a beacon showing the glorious heights attainable through responsible innovation.

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