The richest person in the world, Elon Musk continues to come up frequently. The businessman, who became one of the biggest shareholders of the company by purchasing 9.2 percent of the shares of Twitter, one of his most preferred platforms a while ago, will enter the board of directors of the company, according to the latest information. Here are the details…
Elon Musk will join Twitter’s board of directors
According to an application made to the US Securities and Exchange Commission, Elon Musk is preparing to enter Twitter’s board of directors after purchasing his shares. Musk will remain on the board of directors until the company’s shareholders meeting in 2024.
Twitter’s application to the Securities and Exchange Commission stated that Elon Musk will be on the board of directors as Class II director of the company until 2024. At the same time, it was stated that the business person cannot own more than 14.9 percent of the company’s shares, individually or as a group, as long as he serves on the board of directors and for 90 days after leaving his position.
Bloomberg announced yesterday that Elon Musk is Twitter’s shareholder. According to the US Securities Exchange Security and Exchange Commission, Musk, who bought 9.2 percent passive shares from Twitter Inc on March 14, 2022, caused the company’s shares to increase by 26 percent before the market after the development emerged.
Elon Musk had conducted a survey in recent weeks about whether Twitter adheres to freedom of expression. After that, the businessman, who also asked his followers some questions on the subject, gave signals that he could establish a new platform due to the actual bias in the platform’s algorithm. It should also be noted that Musk has over 80 million followers on Twitter.
Elon Musk, who has become the largest shareholder of Twitter as of now, made its first action in the past few days. The businessman conducted a survey and asked users if they wanted an edit button on the platform. The survey, which was voted on by more than 1.5 million users, answered yes at a rate of 74 percent.
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