New developments in Elon Musk taking action to change Twitter, the CEO of Twitter, Parag Agrawal, has stated that Elon Musk has decided to not join the Twitter Board of Directors. Parag Agrawal posted this message two days ago:
This came as a shock to a lot of people because most of us were looking forward to having Elon Musk make some serious changes to the social media platform, while others were having mental breakdowns on Twitter because of his induction to the Board. Parag Agrawal did assure people that Elon Musk will still have a valuable input for the future of Twitter, like the rest of their shareholders, but he claims that it was for the best that Elon did not join the Board.
The news may be upsetting to some people, but Elon’s decision was a genius move. It is common knowledge that Elon has a 9% stake in the app, but Board members are limited to owning 14.9% shares, so now the limitation holds no effect on him. There is a possibility that Elon Musk may start purchasing more shares of the social media giant, gaining more power to weigh-in on the company’s major decisions. Journalist for Ars Technica, Jon Brodkin, explains what could happen next for Twitter and Elon Musk in this article:https://arstechnica.com/tech-policy/2022/04/elon-musk-wont-join-twitter-board-can-thus-exceed-14-9-ownership-cap/
Without the limitations of Twitter’s Board of Directors, the future for Elon Musk’s involvement with Twitter is uncertain and highly anticipated by yours truly. What do you think about Elon Musk’s decision to not join the board? What do you think the future holds for Twitter?
That’s all I have for you today, so be sure to click that like button and comment your thoughts below. This is your friendly neighborhood cosplayer saying good-bye, and see you next time.
Hall of Mercs 