Elon Musk revealed this week that he had purchased a chunk of Twitter shares, becoming the company's largest shareholder one week after hinting that he planned to shake up the social-media industry.
Elon Musk revealed this week that he had purchased a sizable chunk ofshares, becoming the company's largest shareholder one week after hinting that he planned to shake up the social-media industry.
The disclosure of his stake on Monday came shortly after he teased the possibility on Twitter of creating a new social media platform, telling his more than 80 million followers that he was "giving serious thought" to the idea without revealing his stake in Twitter.In an accompanying poll, Musk asked his followers whether they believe Twitter "rigorously adheres" to the principle of free speech. "The consequences of this poll will be important," he added.
Since then, Twitter CEO Parag Agrawal announced that Musk will be joining the company's board of directors, following several weeks of conversation. Musk tweeted that he hopes to make "significant improvements" to Twitter in the coming months with the new role. Musk disclosed on Monday that he had acquired a 9.
In this photo illustration the logo of Twitter can be seen on a smartphone on March 10, 2022, in Berlin, Germany.Twitter founder and former CEO Jack Dorsey is the only other individual shareholder in the top 10. At No. 7, he holds a 2.25% stake in the company, a position that is almost $200 million more valuable after Musk revealed his purchase.Agrawal on Tuesday announced that Musk would join the company's board.
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