Gov. DeSantis Threatens Legal Action against Twitter for 'Poison Pill' Defense Aimed at Blocking Elon Musk Hostile Takeover

Florida Governor Ron DeSantis has threatened legal action against Twitter for its “poison pill” defense to keep billionaire entrepreneur Elon Musk from taking over the Big Tech platform. Watch:

“The state of Florida and our pension system we have shares of Twitter. I didn’t buy it, we have people that run the fund, but nevertheless, it hasn’t exactly been great in returns on investment. It’s been pretty stagnant for many, many years. So — but nevertheless, I mean to me, I think that that’s probably an injury to the fund. So we’re going to be looking at ways that the state of Florida potentially can be holding these Twitter Board of Directors accountable for breaching their fiduciary duty. (Applause) So, stay tuned on that.”

DeSantis argued Twitter’s “poison pill” defense made without the board of directors’ approval was a political decision and not a business move that was in the interest of its shareholders.