Elon Musk, the highest Twitter stakeholder with a 9.2%, says Next Board Meeting is Going to Be ‘Lit’.
Tesla and SpaceX CEO Elon Musk acquires a 9.2% stakeholder in Twitter, him the largest stakeholder in the company.
Let’s take a look at the whole story.
On April 1, 2022.Twitter tweets from an official account stating that “We are working on an edit button.”
After that, the user on the Twitter Account find’s it a joke & mentioning that it was an April fool joke. Then the company stated that “We cannot confirm or deny but we may edit our statement later.”
On 4 April 2022. The world’s richest person, Elon Musk posted a tweet poll asking people whether they wanted an “Edit Button”.In which writing the incorrect options ‘Yse’ and ‘on.’ more than 73.6% user-approved having an edit button.
Which, replying to that, the CEO of Twitter Parag Agrawal tweeted that “The consequences of this poll are important. Please vote carefully.”
The Tweet Comes after Elon Musk announces the 9.2% stake in Twitter, worth $3 Billion, that made him the largest acquiring stakeholder in the company.
On which, CEO of the company Parag Agrawal greets Elon Musk for becoming a part of the company.
CEO Parag Agrawal tweets, “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. Welcome, Elon!”
Day after, On 5 April 2022, Elon Musk also joins the Twitter Boards.
On which the Company’s CEO Parag Agrawal shares the excitement to work with the largest stakeholder of the company Elon Musk.
“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,” said Parag Agrawal.
Earlier in March, Elon Musk was giving a serious note to start his own social media platform.
Elon Musk also started considering asking users whether to start their own social media platform in which they will prioritize the user for free speech. Elon, an active user himself, criticizes the policies and platform, saying the company is failing in a democracy where the user has the right to free speech principles.
After becoming part of the board meeting Elon musk shared a tweet stating a meme that he is going to lit the board meeting and also assure that his part is going to be a great change in Twitter also it has been stated that musk shares in Twitter also will be great help financially to Twitter.
In 2016, former CEO Jack Dorsey said that Twitter won’t think to add an edit button in the future, But the decision has changed now. The company states that before Elon Musk was onboard as a board member. The company has been already working on the edit button for a long time. The company also states that the edit button is under work and will first release to the Twitter blue user first. After overall testing, it will release to the public.
Elon Musk’s move surprises many from complaining about the edit button for the free speech policy to the user following with that asking suggestions to the Twitter user to start his own social media platform in which user suggested Musk buy Twitter and now becoming the highest stakeholder of the company with 9.2% of the share. As usual, Elon Musk made an extraordinary move.