This really seems like an out-of-the-blue story. Musk is mostly popular for the Tesla electric cars, SpaceX, Star Link, and reviewing memes with Justin Roiland. Buying nearly 10% of a social media company is off of the beaten path. However, based on previous reports, he’s saying that big changes are coming to Twitter.
— Parag Agrawal (@paraga) April 5, 2022
Elon Musk is appointed to the Twitter board of directors
This is probably the most exciting thing to happen to Twitter in a while. Not too long ago, Elon Musk bought a 9.2% stake in Twitter, and that’s pretty significant. To put it into perspective, he’s now the largest shareholder of the company. Though we’re talking about a fraction of the company, it seems that Musk wanted to buy the company as a whole. This is where this director position comes in. Elon Musk will hold this position on the board for a number of years rather than outright buying the company. He was given the position on the board in order to keep him from taking over the company.
Why is Elon joining the board?
It seems that Elon Musk has been eyeing the social media platform for some time. He wants to bring some major changes to the site, and this sparked the purchase. It’s unclear the extent he wants to transform the company at this point. What’s also unclear is how much he’ll actually be able to change in the company with the director position. He even teased a feature that tweeters have been rallying for for years: the ability to edit tweets. He begged the question in a Twitter poll. The CEO of Twitter, Parag Agrawal even weighed in on this and said “The consequences of this poll will be important. Please vote carefully.” The results of this new position won’t stop at editing tweets, but that’s to be expected. Other reports point to Elon buying the stake in the platform for reasons regarding freedom of speech. Other reports say that Trump supporters want Elon to make Twitter let him back on the platform.
