Twitter Announces, Elon Musk Will Join, the Company's Board of Directors.
Twitter Announces, Elon Musk Will Join, the Company's Board of Directors.
ABC reports that Elon Musk will
join Twitter's board of directors.
The news comes just one day after
the world's richest man purchased
a 9% stake in the social media platform. .
On April 5, Twitter Inc. said in a regulatory filing
that Musk's term on the board will expire at the
company's 2024 annual shareholder meeting. .
According to the agreement, Musk won't be able to
purchase more that 14.9% of Twitter's outstanding
stock while serving on the board or for 90 days after. .
According to the agreement, Musk won't be able to
purchase more that 14.9% of Twitter's outstanding
stock while serving on the board or for 90 days after. .
Twitter CEO Parag Agrawal shared his support for
Musk joining the social media company's board. .
He’s both a passionate believer and intense
critic of the service which is exactly what
we need on @Twitter, and in the boardroom,
to make us stronger in the long-term, Parag Agrawal, Twitter CEO, via ABC.
On April 4, Musk purchased 73.5 million shares
in Twitter, estimated at about $3 billion. .
Shares of Twitter rose more
than 6% in pre-market trading. .
In the past, Musk has openly questioned Twitter's
dedication to free speech and the First Amendment.
Musk has yet to specifically discuss
any rule changes that he intends
to push at Twitter, though he did
tweet that he is looking to make , "significant improvements
to Twitter in coming months!".
Musk has yet to specifically discuss
any rule changes that he intends
to push at Twitter, though he did
tweet that he is looking to make , "significant improvements
to Twitter in coming months!".
ABC reports that Musk is currently
involved in a bitter dispute with the SEC
regarding his ability to post on Twitter.
ABC reports that Musk is currently
involved in a bitter dispute with the SEC
regarding his ability to post on Twitter.
According to Musk's legal team,
the SEC has infringed on the billionaire's
First Amendment rights. .
According to Musk's legal team,
the SEC has infringed on the billionaire's
First Amendment rights.
