Twitter has officially responded to billionaire Elon Musk’s offer to buy a 100 per cent stake in the company. Twitter’s board of directors has issued a new “shareholder rights plan”. This comes as a major setback to the billionaire’s efforts to take full control of Twitter. In the finance world, this move is known as a poison pill. It further noted, “The Rights Plan does not prevent the Board from engaging with parties or accepting an acquisition proposal if the Board believes that it is in the best interests of Twitter and its shareholders.” Read More…