Elon Musk joins Twitter board after amassing massive stake
TRT World says Elon Musk is joining Twitter’s board of directors a day after disclosing that the Tesla CEO took a 9 percent stake in the social media platform.
Twitter Inc. has said in a regulatory filing on Tuesday that it entered into an agreement with Musk that will give the billionaire a seat on its board, with the term expiring at its 2024 annual shareholders meeting.
Twitter CEO Parag Agrawal said in a tweet that the company had been talking to Musk in recent weeks and “it became clear to us that he would bring great value to our Board.”
“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,” Agrawal continued.
https://www.trtworld.com/business/elon-musk-joins-twitter-board-after-amassing-massive-stake-56096
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