Has this ever happened to you? You’re composing a tweet and very proud of what you are saying. Perhaps it was a hilarious joke or a brilliant bit of analysis on your part. Regardless, you are excited for the Twitter community to read your contribution. But when re-reading the tweet, you realize that thanks to a typing error, you’ve tweeted the exact opposite of what you wanted to say.
Twitter will soon beta test its eagerly awaited edit button
Twitter famously does not feature an edit button, so the only thing you can do is tweet a correction before the negative comments start heading your way. But soon, you might be able to tap an edit button and revise your tweet. A tweet from Twitter (how else did you think the company would communicate to the public, through WhatsApp?) during the first week of April said that the firm was indeed working on adding an Edit button.
Musk’s poll shows that an overwhelming number of Twitter users want an Edit button
Right now, Twitter says that the edit button will first be available for Twitter Blue subscribers as a beta release. Before the feature becomes available to all Twitter users, there will be an opportunity for the company to make any changes that it deems necessary.
Meanwhile, we would like to give you the latest update on Musk’s offer to buy Twitter for $54.20 a share in cash. On Friday, Twitter’s board activated a poison pill. A poison pill is action taken to dilute the holdings of a certain individual threatening to take control of a public company. A defensive tactic used in major takeover battles of the 1980s, Twitter is using it against Elon Musk.
With the poison pill in place, if a person or company purchases 15% or more of Twitter’s outstanding shares without the approval of the board, other shareholders will be allowed to by addition Twitter shares at a discount. This would dilute Musk’s holdings and make it more expensive for him to buy the company. The poison pill expires on April 14, 2023.
In a press release, Twitter said, “The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders.”
