Twitter Will Appoint American Billionaire, Elon Musk To Its Board Of Directors | Sahara Reporters

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'Musk joining the Twitter board a key signal that Twitter is embracing Musk rather than a more hostile situation,' Dan Ives, a managing director at Wedbush Securities who covers Twitter, Tweeted Tuesday.

"Musk joining the Twitter board a key signal that Twitter is embracing Musk rather than a more hostile situation," Dan Ives, a managing director at Wedbush Securities who covers Twitter, Tweeted Tuesday.Twitter Inc said on Tuesday it would name top shareholder and Tesla boss Elon Musk to its board, a day after the billionaire disclosed a 9.2% stake in the social media company.Mr Musk cannot become the owner of more than 14.

Still, Musk's stake now makes him Twitter's largest individual shareholder. Given his frequent use of the platform, some analysts are expecting Musk, who has 80.5 million followers — nearly four times more than President Joe Biden — to command a significant presence within the company.

"We would expect Musk to have an immediate impact upon joining the Board and the Street will look for a range of strategic paths ahead for Twitter with Musk on board."Musk joins a board that includes Agrawal and Twitter co-founder Jack Dorsey, who stepped down as CEO in November.Musk's board seat will give him a say about the company's broader direction, something that he has routinely discussed on his Twitter account, which has decried the company's moderation efforts.

 

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Elon Musk is South African

Will or has already?

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