Elon Musk to get ready, as his responsibilities will increase significantly in the coming years. After becoming Twitter’s main shareholder by acquiring a 9.2% stake in the company, the billionaire will now join the board of directors of the social network.
The information was revealed this Tuesday (5) – the day after the owner of Tesla and SpaceX bought the equivalent of US$ 2.89 billion in shares of Twitter – through a document sent to the United States Securities and Exchange Commission. States (SEC).
According to the statement, Elon Musk will join the board of directors, as class II director of the social network, until 2024. During the term or 90 days after, the executive may not own more than 14.9% of Twitter’s common stock.
Later, the CEO of Twitter, Parag Agrawal, tried to report the movement and welcome Musk.
“I’m excited to share that we’re nominating @elonmusk to our Board! Through conversations with Elon over the past few weeks, it was clear to us that he would bring great value to our board,” the CEO tweeted.
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.
— Parag Agrawal (@paraga) April 5, 2022
Elon Musk’s arrival indicates network changes
The newest director of the Twitter Board has already suggested that optimizations are on the way. “I look forward to working with Parag and the Twitter board to make significant improvements to the network in the coming months,” Musk tweeted.
The first of them may even have started on the night of this Monday (4). The entrepreneur opened a poll on Twitter to find out whether or not the community approves a feature of editing publications — a feature that has divided opinions for a long time.
Do you want an edit button?
— Elon Musk (@elonmusk) April 5, 2022
Other changes are also expected. Recently, the same Elon Musk questioned whether users considered the platform democratic and even raised the question of the need to create a new network. Now as a counselor, feedbacks tend to be even more “heard”.
Not that all the issues raised will change. But the billionaire’s nomination — and his popularity on the social network — indicates that optimizations are being planned for the near future. And with Musk’s finger.