Elon Musk joins Twitter board after acquiring massive stake

Tesla Inc’s and SpaceX’s boss has joined social network company Twitter to sit on its board after acquiring a huge stake in Twitter shares.

This news comes after a day when Elon Musk, CEO of Tesla acquire a 9 percent stake in the social media platforms.

Twitter Inc. has said on Tuesday that “we have entered into an agreement with Elon Musk to sit on its board. the agreement will expire in 2014 during the annual shareholders’ meeting.

Parag Agarwal, the CEO of Twitter Said “I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.”

he continued “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!”

Elon Musk Replied”Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”

What we can Expect?

  • Elon Musk has not spoken officially but he might want to change the rules of Twitter as he has 80 million loyal followers on Twitter and bought 73.5 million shares worth about 3 Billion Dollars.
  • Elon Musk might want some changes on Twitter as he asked a question on Twitter “Do you want an edit button?”.
  • Then The CEO of Twitter Parag Agarwal replied “The consequences of this poll will be important. Please vote carefully.”
  • Back in March, Elon Musk told their followers and share his thought to create their own social media platform as he have to confront several times with financial regulators about his use of Twitter. Also, Elon Musk was locked by US Securities and Exchange Commission (SEC) on his faculty to post on Twitter.

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