In a new development, microblogging site Twitter's board has invoked "poison pill" in an attempt to thwart Tesla CEO Elon Musk's takeover. The move comes as a defensive response that could lead to a massive dilution of existing shareholders.

Check tweet:

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)