Elon Musk has gone from one of Twitter’s most vocal critics to a member of the company’s corporate board of directors. Musk had complained that the social media giant was violating his rights to free speech and that the Securities Exchange Commission was unconstitutionally investigating him for manipulating stock and crypto prices on the platform. Now, Musk will have a major say in how the company is run.
The Tesla boss is accused of posting inaccurate information about his company on the site. Musk has echoed many conservative critics who believe that certain voices are being suppressed by the tech giant. Musk purchased a 9% stake in Twitter as a response.
Twitter adding Elon Musk to the board of directors means that he is now barred from owning more than 14.9% of Twitter’s outstanding stock. ABC News reported that Twitter CEO Parag Agrawal thinks that Elon brings a great deal of value to the company.
“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.”
Elon Musk immediately pushed for some changes to the Twitter user experience. Musk said he would like the platform to add an “edit” button so that users can change their tweets after they’ve been posted. Elon is likely to share plenty of other interesting ideas in the weeks and months ahead.
Twitter’s board will now have twelve members with the inclusion of Elon Musk. Former CEO Jack Dorsey stepped down and his term on the board will expire on May 25. Time will tell if Elon makes a power play to take even more control of the company.
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