Elon Musk joins Twitter’s board of directors, after becoming its main shareholder

Just a day after becoming Twitter’s largest shareholder, having bought 9.2% of the company, Elon Musk joins the social network’s board of directors. Thus, the magnate of South African origin will have space among the company’s leaders and will be involved in future decisions that affect it.

The news was confirmed by a publication from Parag Agrawal, the CEO of Twitter. “[…] Through conversations with Elon over the past few weeks, it became clear to us that he would bring tremendous value to our board. He’s a passionate believer and intense critic of the service, which is exactly what we need on Twitter and in the boardroom to make us stronger in the long run,” he said in a pair of tweets.

Although the senior director of the social network did not reveal what will be the role of Elon Musk within the board of directors, something else could be known through a document presented to the Securities and Exchange Commission of the United States. Through a Form 8-K, the firm indicated that the current CEO of Tesla and SpaceX will serve as Class II Principal; In turn, it was reported that his term will last until the annual meeting of shareholders in 2024.

However, Elon Musk’s role in Twitter’s day-to-day business is still not entirely clear. However, the fact that the businessman has already started “testing” his more than 80 million followers with questions about possible future features – like a button to edit tweets – could be a sign of something. which we could see with great interest. .