Elon Musk has joined the board of directors of Twitter, revealed in a tweet the general manager of the social network, Parag Agrawal, the day after the announcement of an acquisition of a stake by the entrepreneur and billionaire in the capital of the group.
“Excited to share that we have appointed @elonmusk to our Board of Directors! tweeted the leader about the one who is already CEO of Tesla and SpaceX.
I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.
— Parag Agrawal (@paraga) April 5, 2022
According to a document filed with the US market regulator, the Securities and Exchange Commission (SEC), Elon Musk’s renewable term will last until the 2024 general meeting.
“During our conversations with Elon in recent weeks, it became clear to us that he would bring significant added value to our board of directors,” continued the group’s general manager at the blue bird.
“He is both an enthusiast and an intense critic of the network, which is exactly what we need on @Twitter and on the board, to strengthen us for the long term,” wrote Parag Agrawal. “Welcome Elon! »
At Twitter since 2011, Parag Agrawal took charge of the group last November, replacing co-founder Jack Dorsey, who resigned.
first shareholder
“I look forward to working with Parag and the Twitter Board to implement meaningful improvements […] In the coming months ! posted Elon Musk on the social network.
By taking a 9.2% stake in the capital, announced on Monday, Elon Musk instantly became Twitter’s largest shareholder.
The document filed with the SEC to announce his entry to the board of directors specifies that the richest man in the world has undertaken not to increase his stake beyond 14.9%.
Before this entry into the capital, he was already an active user of the social network, on which he has 80.5 million subscribers.
He has repeatedly used his account to poll people about his Tesla stock sales or, more recently, whether they thought Twitter respected free speech, a question answered by a majority. ” no “.
The whimsical entrepreneur has repeatedly criticized the platform in this sense, believing that it went too far in moderating content posted on the social network.
In the first exchanges after the opening of the New York Stock Exchange, the title of Twitter jumped 7.60%.