Elon Musk

Elon Musk didn't take long to start stirring things up for Twitter Inc. -- and its new CEO.

Less than 24 hours after revealing he’s acquired a 9.2% passive stake in the company, the Tesla Inc. chief asked Twitter users whether they wanted an edit button, offering misspelled “yes” and “no” options in his usual eccentric style. The billionaire has posted recently about what he views as shortcomings of the service, where he has more than 80 million followers and has filled the void left by Donald Trump as one of the most influential accounts. Elon Musk didn’t take long to start stirring things up for Twitter Inc. -- and its new CEO.

Twitter CEO Parag Agrawal retweeted Musk and urged people to “vote carefully” as the consequences “will be important.” Musk posted the poll just hours after his ...

"Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," Musk tweeted March 26. On April 1, or April Fools' Day, Twitter tweeted a message through its official account saying that it was working on an "edit" button. The rise comes hot on the heels of Twitter's best day of trading since its IPO in 2013, with shares surging over 27% on Monday.

Musk had earlier made several tweets criticizing Twitter's moderation rules and mulled the need for a new social-media platform.

It is not immediately clear how much control Musk seeks to exercise over the social-media platform. On March 25, he also tweeted an informal survey asking his followers whether Twitter had adhered to the principle that free speech was essential to a "functioning democracy." The platform experienced technical difficulties at its launch in February. While Musk had not directly addressed the requests as of Monday evening, the Tesla CEO alluded to his new Twitter shares again by surveying users on whether they wanted a button on the platform to edit their tweets and comments. Conservatives in particular have long taken issue with large social-media companies' content-moderation policies. * Musk disclosed a 9.2% stake in Twitter on Monday that makes him the company's largest shareholder.

Elon Musk recently became Twitter's largest shareholder, buying up a reported $2.8 billion in stock.

Since Twitter relies heavily on the retweet function, an edit button could cause numerous issues. Not long after the news broke, Musk posted a poll asking users if they want an edit button. The company has always been adamant about maintaining that aspect, with the only exception being Twitter Blue's timed undo button.

Tesla founder and billionaire Elon Musk took a surprise stake in Twitter, which has a new CEO and ambitious growth goals.

"We are a platform for people who have a voice but at the same time we can't just shrug," Agrawal said. If the recent stock gains hold, he said he may reconsider. However, Wedbush Securities analyst Dan Ives said this could just be "the start" for Musk, who may take an even "more aggressive ownership role of Twitter." When Agrawal ws appointed as CEO in November, Twitter's stock dropped to a 52-week low. Musk has for years been an avid Twitter user and in recent months he's tweeted about the company and its decisions. By late Monday, the day Musk's stake became public, he was already getting involved, asking Twitter users whether they wanted an edit button.

“Free speech is essential to a functioning democracy,” Musk tweeted to his 80 million followers. “Do you believe Twitter rigorously adheres to this principle?” ...

The form he filled out to disclose his investment, meanwhile, indicates that he had “not acquired the securities with any purpose, or with the effect, of changing or influencing the control of the issuer.” Musk, however, has never cared much for rules and seems to actually enjoy tangling with the SEC. That Musk posted his poll after acquiring shares in Twitter suggests he does indeed intend to pressure Twitter to change its policies—but then again, Musk seems to be governed almost entirely by whims. But after releasing his poll, Musk briefly publicly flirted with the idea of starting his own social media platform, telling a Twitter user he was “giving serious thought” to the possibility. To an extremely rich person, $2.9 billion in stock is a lot but ultimately not that much—his net worth is nearly a hundred times that.

The immutable quality of posts on Twitter has been a hallmark of the platform ever since its launch in 2006 despite recurrent if muted requests for change.

Twitter's new chief executive, Parag Agrawal, quoted the post and said: "The consequences of this poll will be important. It is not clear whether the poll was a genuine request for policy feedback or simply a joke. His stake is considered a passive investment which signals he has no demands on a larger slice of the company - although analysts have cautioned it could ultimately lead to Musk becoming more involved with the running of the business.

Tesla's CEO is now the platform's largest shareholder and he seems intent on making some changes, polling users on whether they want an edit button.

"If it gets other companies interested (in acquiring Twitter), it'll probably be at a higher price than right now". Vanguard is Twitter's second-biggest shareholder, with an 8.79 per cent stake, according to Refinitiv data. He has already sold $16.4 billion (€15 billion) worth of shares since then. Dorsey, who owns a stake of more than 2 per cent in Twitter, stepped down as CEO and chairman in November last year, handing the reins to company veteran Parag Agrawal. Musk - who, according to Forbes, has a net worth of about $300 billion (€273 billion) - has been reducing his stake in Tesla since November, when he said he would offload 10 per cent of his holding in the electric-car maker. Hours after buying a 9.2 per cent stake in Twitter, Tesla and SpaceX CEO Elon Musk posted a poll asking users of the micro-blogging platform if they wanted an edit button.

U.S. securities law requires disclosure within 10 days of acquiring 5% of a company, which in Musk's case would be March 24. A late report could lead to ...

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After becoming Twitter's largest shareholder, Elon Musk, Tesla's chief executive, is joining the company's board of directors.

The news sent Twitter’s shares skyrocketing more than 20 percent on Monday. Mr. Musk had been quiet on his intentions for the purchase, which was worth about $2.9 billion before it was disclosed but has risen sharply in value since. Twitter’s stock rose more than 6 percent in premarket trading on Tuesday after the news of Mr. Musk’s board appointment.

Tesla and SpaceX boss becomes social media platform's biggest shareholder with 9.2%

Musk settled with the SEC, paying a $20m fine and stepping down as Tesla’s chair, while saying it was “harassment” and an “unjustified action”. “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our board,” he said in a tweet. In pre-market trading on Tuesday the shares were up 7% to just under $50, valuing the company at about $40bn.

The appointment comes after the billionaire entrepreneur and meme poster asked Twitter users whether they wanted an edit button for tweets.

Twitter's new chief executive, Parag Agrawal, quoted the post and said: "The consequences of this poll will be important. It is not clear whether the poll was a genuine request for policy feedback or simply a joke. Welcome Elon!"

Twitter named Elon Musk to its board a day after it was publicly disclosed that the chief executive officer of Tesla had amassed a 9.2% stake in the ...

Twitter CEO Parag Agrawal said in a tweet that he’s "excited" about appointing Musk to the board. Musk is currently seeking to exit a 2018 deal with the SEC that put controls in place related to his tweeting about Tesla. According to a filing with the Securities and Exchange Commission on Tuesday, Musk will not own more than 14.9% of Twitter during his time on the board and up to 90 days thereafter.

“Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet.

It's "time to get out the popcorn and watch the developments over the coming months with Musk on the Board," he said. Musk is an avid Twitter user with more than 80.5 million followers on the platform. Hours after his holding in the company was revealed, Musk took to Twitter to poll users on interest in an edit button. Musk said in a tweet. After the stake was revealed on Monday, investors pushed the stock up 27%, the mark its best day since its IPO. He added that he was considering building a new social media platform.

Elon Musk is getting a seat on Tesla's board of directors after purchasing a 9.2 percent stake in the company. His term as a board member will run into ...

As noted by CNBC, Musk’s investment could set off more issues with the SEC. The SEC requires anyone with more than a 5 percent stake in the company to disclose their purchase within 10 days. Musk has butted heads with the SEC several times over the content in his tweets. “For so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions.” In a pair of tweets, Twitter CEO Parag Agrawal confirmed Musk’s new role on the board. On Monday, Musk announced via an SEC filing that he’d purchased a 9.2 percent stake in Twitter, despite his complaints about free speech on the platform. This is a type of position that can be used as an anti-takeover measure.

BERLIN, GERMANY DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 on December 01, 2020 in Berlin, ...

Billionaire businessman Elon Musk will join Twitter's board of directors, an announcement that came just hours after news broke that the Tesla and SpaceX ...

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Twitter will name top shareholder and Tesla boss Elon Musk to its board, a day after the billionaire disclosed a 9.2% stake in the social media company.

Twitter will enter into its standard form of indemnification agreement with Musk, it added. Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board. I’m excited to share that we’re appointing @elonmusk to our board!

Twitter, Inc. (TWTR) filed with the U.S. Securities and Exchange Commission (SEC) today, making Tesla, Inc.'s (TSLA) chief executive officer (CEO), ...

The investor hype that surrounds Tesla is likely to rub off on Twitter as Musk comes aboard, at least in the near term. Musk will not be able to hold more than 14.9% of Twitter's outstanding common stock including those in shares, derivatives, swaps, hedges and any other form of financial instrument while serving as a director and for 90 days thereafter. According to the filing, Musk will serve as a Class II director until 2024.

Tesla CEO Elon Musk is one of Twitter's most outspoken voices. Now he's also the social media company's largest shareholder.

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Elon Musk is now the proud owner of 9% of Twitter's stock. The new purchase could have serious implications for the platform. Or maybe not.

“The idea that Elon Musk falls within a passive category is probably a stretch. Musk’s Twitter profile may give some hints as to what he has in store for the platform. Filing a 13G still allows room for investors to change their minds as opposed to the more official 13D. There isn’t much time for him to make alterations, even if Musk sorts out his paperwork. But this may not always be the case. According to a regulatory filing, Elon Musk now owns 9.2% of Twitter stock. Original Story: Twitter’s biggest critic, Elon Musk, is now the largest single shareholder of the company.

Ahahahahahaha fine. Longtime shitposter Elon Musk, who has a side gig as the CEO of Tesla, is on the board of Twitter, a newly minted meme stonk, ...

On the one hand: Musk has a fandom, and now Twitter has a fandom, too. One possible outcome is that Musk’s position on the board makes him back away from shitposting for the exact reason many people spend a lot of time on Twitter in the first place: he wants to avoid doing work. The platform’s top shitposter already has the keys to the castle, and he’s gotten them in a way that’s specifically a thumb in the eye of the SEC. We love to have fun on Twitter dot com! See, Twitter now has a fandom: Musk’s. Musk has wandered into Twitter well after it became a public company, is a prolific — one might even say flagrant — user of its product, and presumably brings a number of retail investors trailing him. Musk, of course, is known for being enamored of Dogecoin, to say nothing of Tesla’s brief foray into Bitcoin payments for its cars. A different style of billionaire might elect to buy a national newspaper with a storied past and re-invest in it, just like he might secretly test his dick-shaped rocket for many years before publicly taking a ride on it.

Billionaire businessman Elon Musk will join Twitter's board of directors, an announcement that came just hours after news broke that the Tesla and SpaceX ...

"The consequences of this poll will be important," Agrawal said in response, an apparent reference to one of Musk's tweets from last month. Welcome Elon!" 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.

Analysts are already speculating whether the Tesla CEO may agitate for more control over Twitter now that he's a major shareholder and director.

Twitter suggested Musk and other members of its board don't have the authority to set company policies. Musk has a history of courting controversy and promoting his companies on Twitter, while dismissing some SEC rules. It's also unclear how present Musk will be on the board. "Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," he tweeted. "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," Agrawal tweeted. Controversy tends to attract consumers, but repel advertisers, something the board should be wary of, he said. Musk could still agitate for change to the company's policies. Musk, who's been known to attack journalists and others who criticize him and his company, has an unclear definition of free speech. If he does, he'll have to disclose it with the SEC in a 13D form. The social media company set some parameters to Musk's appointment on the board, potentially limiting his influence. "My suspicion is he will start relatively slowly, but then he'll want to make some serious changes, probably more in the direction of free speech," said Youssef Squali, an analyst from Truist Securities who recommends buying Twitter shares. He has previously called out Twitter's content-moderation policies, claiming the company has failed to uphold free speech principles.

Elon Musk will join Twitter's board of directors, the social network's chief executive announced Tuesday, a day after the Tesla boss bought a major stake in ...

Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board," Twitter CEO Parag Agrawal said in a tweet. NEW YORK - Elon Musk will join Twitter's board of directors, the social network's chief executive announced on Tuesday, a day after the Tesla boss bought a major stake in the company and became its largest shareholder. Elon Musk will join Twitter's board of directors, the social network's chief executive announced Tuesday, a day after the Tesla boss bought a major stake in the company and became its largest shareholder.

A prolific user of Twitter, Musk says he plans to use the position to improve the social media site.

He will also be a board member of Endeavor Group Holdings, owner of the Ultimate Fighting Championship, until June 30. The company is working on building an open protocol that would allow different social media companies to operate together. “I’m excited to share that we're appointing @elonmusk to our board,” Twitter CEO Parag Agrawal said in a tweet. Twitter executives tweeted out congratulations after the announcement. His new role as a board member at Twitter could be a further distraction from work at Tesla. He is also the founder and CEO of SpaceX, and leads brain-chip start-up NeuraLink and tunnelling venture the Boring Company. Twitter said on Tuesday it will offer Tesla boss and entrepreneur Elon Musk a seat on its board of directors, a position he plans to use to bring about significant improvements at the social media site.

Our policy decisions are not determined by the Board or shareholders,” a Twitter spokesperson said, though the statement may not assuage the concerns of ...

“Will he push for Twitter to open up its algorithm, which the company’s co-founder and former C.E.O. Jack Dorsey appeared to support last week?” “What should be done?” As some conservatives turn to alternative social networks—though perhaps not Trump’s failing Truth Social—the fact that Musk has decided to actually purchase a stake in Twitter has left some questioning his long-term plans in the venture. Musk, who has over 80 million followers on Twitter and now a 9.2% stake in the company according to a regulatory filing on Monday, making him Twitter’s largest shareholder, has seen frequent controversies due to his use of the platform, ranging from SEC violations to troublesome trolling of his critics. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” he added in a separate tweet. Zamora went on to note that while board members like Musk play “an important advisory and feedback role across the entirety of our service”—a role that includes overseeing mergers, acquisitions, and profitability—they are not responsible for the site’s “day to day operations and decisions.” (Musk, who owns 73,486,938 shares of Twitter, holds a passive stake in the company, according to an SEC 13G filing, meaning he is a long-term investor who is, per Bloomberg, not angling to wrest more control from Twitter’s other shareholders.) Do you believe Twitter rigorously adheres to this principle?” Musk wrote in a Twitter poll, adding that the “consequences of this poll will be important.

Billionaire Elon Musk is now Twitter's largest outside shareholder, and joining its board of directors. Here's what it means for Twitter and Musk going ...

But considering the fact that Musk is an extremely high-profile and outspoken investor, with more than 80 million followers on Twitter's platform, the world's richest person is already in a strong position to push for changes. Twitter is a private company that's free to regulate the content shared on its platform without violating anyone's free speech rights. In recent years, Twitter has stepped up actions to battle misinformation and violent or inciting speech on its platform, even banning users who violate its guidelines — like, for example, former President Donald Trump. Some critics say the company needs to go even further down that road. Investors seem to be betting that Musk can exert control at Twitter: The social media company's stock surged by 27% on Monday, and kept climbing after the company announced Musk's board seat on Tuesday. Musk might be the exception to that rule. A regulatory filing with the Securities & Exchange Commission shows that Musk acquired his Twitter stake on March 14, meaning he was already Twitter's largest outside shareholder when he publicly called out the platform.

Musk seems openly determined to make changes, under the guise of democracy. On March 25, 11 days after becoming Twitter's largest shareholder, Musk tweeted a ...

Hence, Musk has voiced his enthusiastic approval for the site, and seems to miss its presence on Twitter. On Twitter, Musk has angrily responded to The Onion, after the satirical news site mocked him (amusingly, The Onion has since doubled down). After revealing his new position on the board of directors, Musk polled his followers again, asking if Twitter should add an edit button, intentionally including spelling errors to underline his point - this time, Twitter CEO Parag Agrawal noted that the poll would have important consequences.

Elon Musk didn't actually tweet about his new stake in Twitter, which for an avid tweeter seemed somewhat ironic. Maybe it was because the 9.2% he now owns ...

Howard Fischer, partner at law firm Moses & Singer, told Reuters that, given he had already bought a stake in Twitter, these questions could be seen as a form of market manipulation. Mr Agrawal is clearly watching his every move. And it seems most likely that it will be from this Twitter account that Musk will let the world know what he intends to do next. Donald Trump, who was banned from Twitter in January 2021 after the Capitol riots, announced last autumn that he was launching his own social network - dubbed Truth Social - to "stand up to the tyranny of big tech". It would be a big change for Twitter to include an edit button, and Musk is clearly keen to be part of that conversation. I’m excited to share that we’re appointing— Parag Agrawal (@paraga) @elonmuskto our board! Cornell University's assistant professor Alexandra Cirone thinks this is evidence he may use his new stake "to try to influence Twitter practices" and for a "more active play in the social media eco-system". Last month, after he had lodged his investment with the SEC - but before his shareholding became public knowledge - he asked users whether they believed that free speech was essential to a functioning democracy and whether Twitter adheres to this principle. Musk has something of a love-hate relationship with Twitter. He is a frequent tweeter, with more than 80 million followers - and no stranger to controversy in his interactions on the social media site. "We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter," he said. Musk uses Twitter not just as a barometer for how he runs his own companies, but also increasingly to take the temperature of the nation. He added that "as a passionate believer and intense critic" of the service, he is "exactly what we need".

SAN FRANCISCO - Elon Musk became the largest shareholder of Twitter on Monday, setting the platform up for a potential political showdown over its efforts ...

Defending against the action "through protracted litigation was not in the interests of the company and its shareholders," he added. Back then, he had 22 million followers, a fraction of what he has on Twitter today. Musk additionally had to step down as Tesla board chairman and agreed to have his communications vetted by an approved securities lawyer. Though Elliott did not win in its 2020 campaign to oust Dorsey, his surprise announcement that he was stepping down last December was viewed as a win. He averages 125,180 likes per tweet, according to Socialtracker. He has tweeted some controversial posts, including one in 2018 in which he said he had "funding secured" to take Tesla private at $420 a share. It would not the first time Twitter will have faced criticism from activist shareholders, if Musk takes that tactic. Musk sold billions worth of Tesla shares last year, making some of his wealth liquid for the first time. "Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," he tweeted. They've praised one another on Twitter and share a common love of cryptocurrency. Twitter declined to answer questions about Musk. He did not respond to a request for comment. Musk seemed to realize the potential of his influence almost immediately. His surprise investment, which comes days after questioning the company's commitment to free speech and suggesting he might start his own social platform, sent Twitter stock soaring.

“I'm excited to share that we're appointing @elonmusk to our board!” tweeted CEO Parag Agrawal on Tuesday. “Through conversations with Elon in recent weeks, it ...

Now Musk is a shareholder and director of a public company (Twitter) with a platform he has used in the past to promote his own company (Tesla) and his financial holdings (cryptocurrencies). Will he be live-tweeting Twitter’s board meetings or sharing non-public information about its finances? It’s a good question, even as it’s also clear that but Musk is on Twitter because he likes the spotlight. Musk revelled in thumbing his nose at the SEC, the SEC filed contempt charges against him, and it was all so unseemly and frequent that it led my colleague Liam Denning to ask why Musk didn’t just stay off Twitter. That could be exciting for everyone working there and would be fun to watch. Musk disclosed on Monday that his investment in Twitter was “passive”, meaning he had only stopped by to invest in the company and not to do any of the things “active” stakeholders do — such as taking a board seat or offering significant corporate guidance that other shareholders have to vote on. The platform is a favourite haunt for journalists, celebrities, political leaders and influencers, but not a lot of regular folks use it, and it has never outgrown its early role as a forum for debate, analysis, promotion and self-expression.

Twitter announced Tuesday that Elon Musk will join its board, one day after the Tesla CEO disclosed a large stake that made him the social media company's ...

Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board," Twitter CEO Parag Agrawal said in a tweet. Please vote carefully." "Over the longer term, Twitter investors will want to see that high levels of governance are adhered to, otherwise the independence of Twitter could be questioned, and the risk is that users may start to drift away," Streeter said, adding that Musk could also use the intelligence gathered to launch his own platform. "Ultimately, the goal is to better monetize the platform, and we think Musk can only help, not hurt the process, with his recent criticism of the company as a refreshing sign," Zino said, noting that the term's of Musk's stake mean he can't take over the company. The Twitter CEO also shared a poll posted by Musk to the platform asking whether to add a function to edit tweets, saying, "the consequences of the poll will be important. Analysts at Wedbush said the invitation from Agrawal marks "a friendly move by the Twitter board to embrace Musk with open arms" that could lead to significant strategic shifts for a company "still struggling in a social media arms race," according to a note.

Elon Musk has joined the board of Twitter, the company announced Tuesday, giving the world's richest man a say in the future of the influential social media ...

And he has conducted a series of polls that hint at how he intends to wield his influence. Twitter employees, meanwhile, debated Musk's new stake all day Monday and into Tuesday. Some responded with shock at the latest chaotic decision to embroil the company, while others posted jokes and memes. Musk's free-speech tweets continued in the following days, leading to speculation that Musk was taking interest in investing in or launching his own social media company. Musk's appointment to Twitter's board comes with a limitation on how large his ownerships stake can grow. Later Monday, Musk conducted another poll on the simpler issue of whether Twitter should have an edit button. The elevation of Musk to the board sets the stage for an election-year political confrontation between conservatives who would like to see a more laissez-faire approach to moderating what users say and executives within the company who have championed stronger actions to reduce misinformation and harm. Jack Dorsey, the company's co-founder and Agrawal's predecessor as CEO, echoed the welcome while hinting that he expects Musk to take on a leadership role. The next day, he ran another Twitter poll, this time asking whether Twitter adheres to principles of free speech. "Our Board plays an important advisory and feedback role across the entirety of our service," spokesperson Brenden Lee said in a statement. It could also be a harbinger of how he plans to use his own Twitter megaphone as a bully pulpit to agitate for changes. "Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board," Agrawal tweeted. While Musk's federal regulatory filings indicated that he planned to take a passive stake in Twitter, his actions since then leave no doubt that he intends to shake it up.

Musk has been an avid user — and critic — of the social media platform for years. The brand could use some "shaking up," one analyst says.

Your donation today powers the independent journalism that you rely on. But now, he’s been brought inside the tent of the influential social media platform, said equity analyst Angelo Zino at CFRA Research. Musk is a Twitter superuser and influencer.

In this week's newsletter: the world's richest man just bought 9.2% of the social media site promising “significant improvements” – here's what that could ...

If there’s one through line we can take from a tour of his tweeting past, it’s that Musk is one of the few people on the planet who has a more self-destructive compulsion to tweet than I do. Just hours before this newsletter was published, he filed an updated version of his disclosure, recategorised under 13D, and revealing that he has committed, as part of the agreement that gives him a board seat, not to acquire more than 14.9% of Twitter while sitting on its board, or within 90 days of leaving. In his professional life, though, Twitter is almost certainly better remembered as the reason why Musk now legally has to have a lawyer sign off on all his tweets. Let’s have a brief overview of the Tesla chief executive’s history on the site: The SEC filing, a form called Schedule 13G, is mandatory for anyone who takes control of more than 5% of a given company (which means that, theoretically, Musk could have owned 4.9% of Musk, the maverick boss of Tesla and SpaceX who has an estimated $273bn (£208bn) fortune, owned 73,486,938 Twitter shares on 14 March according to the filing.

To say the relationship between the Tesla CEO and the social network is changing rapidly is an understatement. Musk's surprise stake in Twitter has been the ...

But it’s also true that this sort of thing can be a real distraction for a CEO who absolutely has bigger fish to fry. Moreover, Musk joining Twitter has effectively turned it into a meme stock, with investors sending the price up 27 percent on the day his stake was announced. (Also, Twitter confirmed today that it is building an edit button, and had begun building it last year.) If you take all that at face value, it’s possible Musk’s presence on the board will serve as a kind of bulwark against Elliott and other investors. We also know that Musk’s first official act as Twitter board member was to ask his 80 million followers whether Twitter should have an edit button. This, to me, is maybe the most interesting dimension on which to consider Musk joining the board. But as a condition of leaving, it had set aggressive goals for the company that Dorsey was not close to meeting: growing its user base by 100 million people, accelerating revenue growth, and gaining market share as a digital advertiser. But the hubbub has served to obscure what has been a tumultuous time at Twitter in general. In the ensuing weeks, Mr. Agrawal discussed having Mr. Musk become a more active participant in Twitter’s future, according to two people with knowledge of the conversations who were not authorized to speak publicly. Mr. Musk had ideas for reshaping social networks that dovetailed with those of Mr. Agrawal and Jack Dorsey, Twitter’s co-founder, according to their public exchanges. On Sunday, as far as the world was concerned, Musk was simply one of Twitter’s most famous users. On Monday, it was revealed that over the past month he has become its largest individual shareholder.

Newly appointed Twitter board member and shareholder, Elon Musk said he was looking forward to making significant improvements” to Twitter in coming months.

This also follows Musk’s purchase on Monday of a 9.2% stake in Twitter, making him the largest individual shareholder in the company. Response from other Twitter stakeholders has been positive. Current Twitter CEO Parag Agrawal confirmed the appointment via a pair of tweets and called Musk “both a passionate believer and intense critic of the service”.

As its biggest shareholder, the billionaire business magnate could reshape the social media platform. Here's how.

Still, Wedbush analyst Ives said he believes "balancing his key roles at SpaceX and Tesla should NOT be an issue or major worry for investors at this pivotal time." Opponents of the research say the primates are subjected to abusive experiments that sometimes end in death. Wall Street analysts had approved of the choice of Agrawal as the new leader, but there have been no major changes to the platform yet. "Twitter's greatest current challenge is to navigate successfully through the societal implications of its platform's use," Benton said. Meredith Benton, founder of the investment consulting firm Whistle Stop Capital, has been pushing for shareholders at both Twitter and Tesla to back stronger policies affecting workplace harassment and discrimination. Several Wall Street analysts said they were encouraged by Musk's new role at Twitter. "This is a guy that does push for change, that does, I think, refuse to have failure on his resume. That means Musk won't have the authority to add an "edit button" or to restore Donald Trump's suspended account. Musk and Tesla in 2018 agreed to pay $40 million in civil fines and for Musk to have his tweets approved by a corporate lawyer after he tweeted about having the money to take Tesla private at $420 per share — which didn't happen but caused Tesla's stock price to jump. She describes Musk's new role as a concerning development for Twitter investors, especially given accusations by California regulators that Tesla has been discriminating against Black employees at its San Francisco Bay Area factory. "We don't know what his goals are," said Jennifer Grygiel, a Syracuse University communications professor and an expert on social media. As Twitter's biggest shareholder, he has the ear of top managers. The explorer filed a defamation suit, although a Los Angeles jury later cleared Musk.

But the newly-announced Forbes billionaires' list puts the SpaceX and Tesla boss's personal fortune at $219 billion (£167 billion). Meanwhile, Jeff Bezos (who ...

Musk is by far and away the single largest individual shareholder. Elon Musk owns owns about 172.6 million shares in Tesla, which gives him a 17% stake in the company. The singer also owns a 30% stake in the Savage x Fenty lingerie line, which raised money at a 1 billion dollars (£765 million) valuation in February 2021.

Musk's appointment could herald a controversial push for "free speech" and invite more scrutiny from the SEC.

“It’s pretty obvious that Elon is trying to make a play on free speech,” says crypto investor Maya Zehavi, who has held Twitter stock since 2019. And recent tweets have been directed at the platform's future direction. But despite such popularity on the platform, he has a longstanding love-hate relationship with it. In February 2019, Musk replied to Twitter founder Jack Dorsey to say that “Twitter rocks.” But in July 2020, he tweeted that Twitter “sucks,” just months after saying that Dorsey had a good heart. One hint could be found in his recent Twitter posts. Musk joined back in June 2009 and has amassed 80.7 million followers to date.

New York (CNN Business) How crazy rich is Elon Musk? The Tesla (TSLA) and SpaceX CEO's net worth is now about a stratospheric $300 billion, according to ...

Musk, the newest board member of Twitter(TWTR), is worth more than double the wealth of legendary investor and Berkshire Hathaway(BRKB) CEO Warren Buffett, who started investing in 1941 when he was 11. Musk is also worth significantly more than the combined fortunes of former Microsoft(MSFT) CEOs Bill Gates ($136 billion) and Steve Ballmer ($100 billion.) Ditto for Google(GOOGL) co-founders Larry Page ($120 billion) and Sergey Brin ($115 billion.) The superlatives don't stop there.