Tesla CEO Elon Musk won joining Twitter board of Managers as before announced; However, the windy billionaire does remain Twitter’s largest contributor.
Twitter CEO Parag Agrawal tweeted a profile newswhich followed the weekend of Musk’s tweets suggest possible changes to Twitter, including making the site ad-free. nearly 90% of Twitter’s revenue for 2021 came from ads.
Set Elon to board to officially take effect on 4/9, but Elon shared the same morning that it wouldn’t be joining The boardBooks Agrawal in A forwarded note was originally sent to Tesla employees. “I think this is for The best. “
Agrawal did not provide an explanation for this for visible mask decision. . said board Understanding the risks of Musk’s presence as a member. But “I thought Elon was a confidant of the company where it is, like everyone board Members, to work in The best Interests of The company and all of our shareholders are best path forward,” he wrote.
musk posted Some cryptic tweets late Sunday, including one Show meme saying, “In all fairness, your honor, he was my client in puck mode”, followed by one Saying “explains everything”. Another post later was of emoji with hand over his mouth.
He now has a 9% stake. in Twitter raises questions about how May try to reshape social media The platform as the largest contributor to Twitter.
80.5 million caught on Twitter followers make it one of Most famous characters on The podium, the pop star rivalry like Ariana Grande and Lady Gaga. But his profuse tweets sometimes got him into trouble, like when he used them to promote him business projects, rallying Tesla loyalists, questioning epidemiological measures and pick fights.
at one Famous example, Musk apologized to a British cave explorer who The Tesla CEO allegedly labeled him a pedophile by referring to him as a “pedophile” in An angry – and later deleted – tweet. The explorer filed a defamation suit, although a Los Angeles jury later acquitted Musk.
he is also locked in protracted dispute with US Securities and Exchange Commission (SEC) over His activity on Twitter. Musk and Tesla in 2018 agreed to pay $40 million in Civil fines and for Musk approved his tweets by a corporate lawyer after he tweeted about his possession money to take Tesla private At $420 each share. It didn’t, but tweet caused Tesla stock price to jump. His lawyer argued that the SEC was violating on Mask’s free speech rights.
Musk described himself as the “absolute of free speech” and said he didn’t think Twitter was alive up Principles of Freedom of Expression – Shared opinion followers of former US President Donald Trump and many right-wing political figures who have had their accounts suspended for violating Twitter content rules.
But what was driving Musk’s Twitter post really isn’t clear. Other interests with The service includes a discussion of making the Twitter algorithm viewable by publicexpanding availability of “Verified” Twitter accounts, and a profile picture initiative blown up that includes non-fungible tokens, or NFTs.
musk also They are called “random coding bots”, which search tweets for Then the cryptocurrency related keywords appear as a client support To empty the user’s crypto wallets, “the most annoying problem on Twitter.”
CEO of Twitter and others board The members praised Musk, and suggested they might take his ideas seriously.
Agrawal’s initial actions since taking over From co-founder Jack Dorsey in November involved a realignment of divisions without major action changes. The company is long overdue behind that it social media Competitors and boast a much smaller number of users.
