WITH’on After learning that Elon Musk has become a major shareholder of Twitter, the Tesla boss is increasingly making headlines. Recall that after this acquisition of more than 9% of Twitter was disclosed by the documents of the American regulator of financial markets, the network social invited Musk to join the board. This was announced by the head of Twitter Parag Agrawal. Musk then signaled that he would accept this new role and also offered to make changes to the company. But ultimately, Elon Musk will not be on that board of directors. According to an internal note shared by Twitter’s CEO, it was Musk who ultimately chose not to sit on the platform’s board of directors. “I think it’s for the best,” Parag Agrawal also said. As for the reasons that prompted Elon Musk to change his mind, they are not called. But many American press sites believe that the Tesla boss eventually decided not to sit on that board of directors in order to be able to buy even more shares of Twitter. By not joining Twitter’s board of directors, Elon Musk is no longer bound by the deal that would have kept his stake below 14.9%, according to a Bloomberg article. US media also cites a US Constable filing with the SEC that says Musk does not currently plan to buy more shares, but reserves the right to change his plans Anytime. In other words, hostile takeover possible. And according to the media, the Tesla boss would have the funds to buy Twitter. Indeed, the network estimate social estimated at $37 billion, while Elon Musk’s net worth is $260 billion.
Elon Musk wants to change Twitter?
What seems clear is that Elon Musk wants Twitter to change. Prior to the official acquisition of Twitter shares, Musk accused the microblogging platform of not respecting free speech. And after becoming the company’s largest shareholder, the Tesla boss began proposing changes on Twitter. via posts on the web social. For example, he proposed turning the Twitter offices in San Francisco into a homeless shelter. He also mentioned a paid Twitter Blue subscription, pointing out that customers of this subscription must have a certification badge. The Tesla boss also suggested that Twitter could accept the Dogecoin cryptocurrency as payment for this paid subscription, and that the offer should allow users to have an ad-free experience. Otherwise, Elon Musk is also advocating for an “edit” button that would allow a tweet to be edited after it’s posted (an idea the Twitter boss no longer opposes).
