Twitter edit button? Elon Musk is already exploring the possibility

Twitter edit button?  Elon Musk is already exploring the possibility

Musk joins Twitter’s board of directors

Musk’s considerations now more than ever must be taken into account, since after having bought 9.2% of the platform, the company will appoint him as a member of its board of directors, according to a document filed with the National Securities Market Commission. .

The businessman will serve as a class II director until 2024, while the document specifies that he cannot be the effective beneficiary of more than 14.9% of Twitter’s common shares, which includes stock market exposure through derivative securities, swaps and equity transactions. coverage.

Until before these announcements, the relationship between Musk and Twitter was one of friction, since the Securities and Exchange Commission had requested that Tesla’s lawyers review their publications so that they did not generate havoc in the market.

Agrawal confirmed Musk’s new role within the board of directors through his account, calling him a “passionate believer and intense critic of the service,” as well as mentioning that he will add value to the social network. “It’s exactly what we need on Twitter and in the boardroom to make us stronger for the long haul.”

Jack Dorsey, for his part, mentioned: “I am very happy that Elon joins the Twitter forum! She cares deeply about our world and Twitter’s role in it.” Once this decision was released, shares of the social media company were up more than 5% in premarket trading.