Twitter Inc. has announced that one of its most fierce critics who is also an ardent user of the platform will be joining its Board of Directors. Tesla CEO Elon Musk is joining the 11-member board just hours after becoming its largest shareholder, purchasing a 9.2% stake valued at around 2.9 billion. “I’m excited to share that we’re appointing @elonmusk to our board!” Twitter CEO Parag Agrawal tweeted. Upon being named to the board on Tuesday, Musk tweeted, “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”A few hours later, he created a poll asking Twitter users whether they would like an edit button. During his term and 90 days after, Musk cannot be the beneficial owner of more than 14.9% stake of the company’s common stock outstanding.

Source: Daily Nation April 06, 2022 15:40 UTC