Ripples Nigeria
Tesla founder, Elon Musk, has been appointed into the board of microblogging company, Twitter, after acquiring the largest shares in the firm for $2.4 billion on March 14, 2022.
The Chief Executive Officer of Twitter, Parag Agrawal, made the announcement on Tuesday afternoon via his Twitter handle, “I’m excited to share that we’re appointing @elonmusk to our board!
“Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.” Agrawal wrote to his over 430,000 followers.
“He’s both 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-term. Welcome Elon!” Agrawal added.
What Musk appoint means for Twitter?
Musk’s stake in Twitter is 9.2 percent, above that of Jack Dorsey, owner of the social media platform and the former majority stakeholder, which is 2.25 percent.
This means the richest man in the world has a major control over Twitter operation, which Musk favours ahead of Facebook, another social media platform heavily criticised by the Tesla boss.
In response to the announcement, Musk wrote on Twitter, “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”
Musk will rock Twitter’s share value, shareholders investment: Musk influence extends beyond the boardroom. The businessman is known to hold a huge influence on social media and the stock market…
