Elon Musk, Chief of Tesla, now owns 9.2% of the popular microblogging site, Twitter. According to the Securities and Exchange Commission (SEC), the billionaire is now ready to join Twitter’s boardroom.
Parag Agarwal (chief of Twitter), tweeted that he has had several conversations with Elon Musk in the past weeks. It looks like Tesla’s Chief will be contributing to the board in many different ways. Parag added that Elon Musk is a “passionate believer” which will add great value to the boardroom.
According to the Securities and Exchange Commission filing, Elon Musk’s term ends in 2024. It also states that Tesla’s chief executive cannot own more than 14.9% of common stock.
Twitter Inc. announced on Friday that it had agreed to sell itself to Twitter founder and CEO Elon Musk for a reported $30 billion. The deal, which would make Musk the company’s largest shareholder with a 22 percent stake, is still awaiting regulatory approval. In a statement, Musk said he was “excited” about the future of Twitter and hoped to help the company “advance public discourse.
Elon Musk asked his Twitter followers whether Twitter allows freedom of speech a week ago. He also stated that he is serious about creating a new social media platform. Elon Musk said that he was looking forward to working alongside all members of the Twitter board, including Parag Agarwal, the chief.
Tesla CEO Elon Musk has been under pressure lately. His company’s stock is down, and he’s been criticized for his behavior on Twitter and other social media outlets. But what does this mean for him personally?
First of all, it’s important to remember that Musk is a very successful businessman. He’s worth an estimated $20 billion, and Tesla is one of the most valuable companies in the world. Tesla also manufactures luxury cars, which means that even if his company goes down in value, Musk will still be pretty wealthy.
But the biggest question is whether or not he can recover from these recent setbacks. Tesla’s stock price has been falling for months now, and there are reports that it could plummet further in the near future. If this happens, it could really hurt Musk’s personal finances.
In recent years, the social media platform has been struggling. Some believe that this is due to the presence of a certain entrepreneur. Elon Musk is known for his innovative ideas and for leading companies such as Tesla and SpaceX. Some have argued that his reliance on social media platforms has hurt these companies, as he is not good at delegating tasks and does not take criticism well.
Nearly a year after being elected president, Donald Trump has appointed a new cabinet that is largely made up of individuals with ties to the tech industry. The most recent appointment is Mark Zuckerberg, who will now be working on issues such as internet security and immigration. Zuckerberg’s predecessor, Sheryl Sandberg, has praised Trump’s move and believes it will help strengthen the relationship between the government and the technology industry.
With 9.2% of Twitter’s stake, Elon Musk holds the largest stake. Musk recently shared a Twitter poll asking his followers whether they would like an edit button for the microblogging platform. The Chief of Twitter responded by retweeting the tweet and stating that Musk’s question was “important”.
Elon Musk, the founder, CEO, and CTO of Tesla Motors, SpaceX, and The Boring Company is all set to join Twitter’s Boardroom. A source close to the matter has confirmed that Musk will be joining Twitter’s board of directors as a director in August. This move comes after years of speculation about his potential involvement with the company.
Musk has already shown himself to be a visionary on social media by creating and leading some of the most influential companies in history.