Elon Musk big on Twitter

Elon Musk Posts Twitter Edit Button Poll, CEO Parag Agrawal Warns…

Elon Musk big on Twitter: Elon Musk and Twitter have had a love-hate relationship. Musk has also tweeted about launching his own social media platform. Amid such situations, Musk’s move seems highly implausible. But is it?

Twitter shares close up 27% after Elon Musk takes 9% stake in the social media company

Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that making him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech.

Musk will join the board of directors at Twitter after he revealed a massive stake in the social media platform.

Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to a Securities and Exchange Commission 13, G filing released Monday. The stake is worth $2.89 billion, based on Twitter’s closing price Friday.

The purchase comes less than two weeks after Musk criticized the company, polling people on Twitter about whether it adheres to free speech principles. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” Musk tweeted. “What should be done?”

Elon Musk’s ‘passive’ stake in Twitter belies his big influence

A lot has happened in the past 24 hours. In a way, it has turned upside down, at least as far as Twitter is concerned. For those who haven’t been able to catch up with the latest news, here’s a quick summary of what happened: Tesla CEO Elon Musk is joining Twitter’s board. Also Read – Tesla delivered over one million cars in 2021

Five times Elon Musk changed the rules with his tweets

Bloomberg, citing a 13G filing, on Monday reported that Musk had purchased 73.5 million shares of Twitter, which gave him a 9.2% stake in the social media platform. The stock purchase happened on March 14 and the investment made the maverick CEO, Twitter’s largest investor. Also Read – Twitter will soon let two accounts co-author a tweet

Twitter appoints top shareholder Elon Musk to board

Musk will serve as a Class II director, with the term expiring at Twitter’s 2024 annual meeting of stockholders.

The news sent ripples through the market (and the tech world) and it led to a 27% increase in Twitter’s stock value. It also made Musk, who is already the richest man on the planet, a tad bit wealthier. According to the latest Forbes data, Musk’s net worth stands at $302.1 billion. Also, Read – Twitter’s TweetDeck might soon become a paid feature: Here’s what we know

Musk will serve as a Class II director, with the term expiring at Twitter’s 2024 annual meeting of stockholders.

While the world was still getting to terms with Musk being a part of the Twitter-verse came another piece of news: The Boring Company founder was joining Twitter’s board!

The news was confirmed by Twitter CEO Parag Agarwal and Twitter founder Jack Dorsey, who welcomed Musk to Twitter’s team and on Twitter’s board. Here’s what they said:

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