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ELON MUSK JOINS TWITTER BOARD AFTER AMASSING MASSIVE STAKE
Techlife News
|April 09, 2022
Elon Musk is joining Twitter’s board of directors a day after revealing that he’d become the social media platform’s largest shareholder with a 9% stake.
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The billionaire has criticized Twitter publicly about its commitment to free speech. He’s also run into trouble on the platform as the CEO of Tesla after financial regulators found he had posted inaccurate information about the company.
Musk is barred from owning more than 14.9% of Twitter’s outstanding stock while he sits on the board, Twitter Inc. said in a Tuesday regulatory filing.
Musk has been speaking with the company in recent weeks and Twitter CEO Parag Agrawal said in a tweet that “it became clear to us that he would bring great value to our Board.”
This story is from the April 09, 2022 edition of Techlife News.
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