Elon Musk will join Twitter's board of directors
Twitter CEO Parag Agrawal said Elon Musk will join the social network's board of directors. According to a report sent to the SEC, the US stock market regulator, Musk will hold the role of advisor until 2024.
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. Welcome Elon!
– Parag Agrawal (@paraga) April 5, 2022
In this position, Musk will acquire no more than 14.9 percent of the company's shares. The decision therefore appears to be partly linked to involving Musk, while limiting the risk that he could increase his share of Twitter, currently 9.2 percent and recently acquired.
Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!
– Elon Musk (@elonmusk) April 5, 2022
Musk confirmed the circumstance in a tweet, saying he is happy to collaborate with the company executives to “introduce important improvements in the coming months”. A few hours earlier, Musk had asked in a Twitter poll if users were interested in an “Edit” button to edit newly published tweets, a request made by users for some time and to which Twitter has expressed numerous reservations related to the risks of dissemination. of fake news and more.