How Will Elon Musk Change Twitter?
Free Speech,Business,Elon Musk,Technology,Social Media,Twitter,Jack Dorsey,Content Moderation
Just a day after it was revealed that Elon Musk had bought $3 billion of Twitter Inc.’s stock, making him its single largest shareholder, the company’s chief executive officer took to Twitter to announce how the world’s richest man had decided to exercise his leverage.
“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 became clear to us that he would bring great value to our Board.”
Wait a minute. What’s this “conversations with Elon in recent weeks” stuff? Musk disclosed 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. Now Musk has a board seat and Agrawal, who succeeded Jack Dorsey only last November, has let everyone know that the two men had been chatting for weeks.
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