Musk fans speculate the billionaire wants to buy a larger slice of company, something he'd be prohibited from doing while serving on the board.
“We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input,” Agrawal continued.
Musk, who’s the wealthiest person in the world with a net worth of roughly $274 billion, paid about $2.9 billion to gain 9.2% of Twitter’s available stock. But, according to a letter dated April 4, 2022, Musk would have been forbidden from buying more than 14.9% of the company’s common stock if he had assumed his position on the board. That stipulation has led plenty of people on social media to speculate that perhaps Musk wants to buy a larger share of the company.
—a move that likely earned him a profit of about $156 million. Musk could face a fine, though it will be tiny compared with the billionaire’s total wealth.cause a major shake-up at Twitter, heavily suggesting he’d add an edit button, something that many users have called for, yet has the potential to cause chaos on the platform.
,” an odd question for a man who supposedly has a financial interest in seeing the social media site succeed.Countless conservative activists have also asked Musk to re-instate people who’ve been banned from Twitter for breaking the site’s rules, most notably former president Donald Trump, who was banned from the social media platform after inciting the insurrection on January 6, 2021 that sought to overturn the presidential election.
Agrawal ended his note Sunday night by trying to sound optimistic about the company’s road ahead, something that Twitter employees worry about given Musk’s suggested meddling with the company—including a recent joke poll about changing the name from Twitter to Titter. Musk is 50 years old, it should be noted.“There will be distractions ahead, but our goals and priorities remain unchanged. The decisions we make and how we execute is in our hands, no one else’s,” Agrawal tweeted.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk not joining Twitter's board of directorsThe news followed a weekend of Musk tweets suggesting possible changes to Twitter, including making the site ad-free.
Leer más »
Elon Musk Is Not Joining Twitter’s Board After AllThe billionaire, who had been slated to join the social media giant’s board on Saturday after buying up a 9.2 percent stake, has changed his mind, according to Twitter’s CEO.
Leer más »
Elon Musk suggests Twitter Blue subscription service overhaul days after joining board'Maybe even an option to pay in Doge?' Musk said.
Leer más »
Elon Musk no longer joining Twitter's board of directorsTesla CEO Elon Musk won’t be joining Twitter’s board of directors as previously announced
Leer más »
Elon Musk no longer joining Twitter's board of directorsSAN FRANCISCO (AP) — Tesla CEO Elon Musk won't be joining Twitter's board of directors as previously announced . The tempestuous billionaire remains Twitter’s largest shareholder .
Leer más »
Elon Musk Decides Against Joining Twitter Board of Directors After Being Subjected to Background CheckDespite having become Twitter's largest shareholder earlier this month, Elon Musk won't be joining [...]
Leer más »