Musk: “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”
Twitter CEO Parag Agrawal announced Elon Musk is joining the Twitter board after he bought a 9% stake in the company.
Musk owns 73.5 million shares of Twitter valued at $2.92 billion.
Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!
— Elon Musk (@elonmusk) April 5, 2022
Agrawal added, “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!”
Musk asked on Monday if people want an edit button. Over 3 million voted, 73% of whom voted yes.
Agrawal retweeted it, saying, “The consequences of this poll will be important. Please vote carefully.”
The consequences of this poll will be important. Please vote carefully. https://t.co/UDJIvznALB
— Parag Agrawal (@paraga) April 5, 2022
The SEC filing states that Musk’s term expires in 2024. He “cannot be the beneficial owner of more than 14.9% of the company’s common stock outstanding” the entire time he is on the board “or 90 days after.”DONATE
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