Tesla CEO Elon Musk will be a part of Twitter's board of administrators a day after information emerged that he had bought a greater than 9 % stake within the firm.
A regulatory submitting from Twitter Inc. stated that it had come to an settlement with Musk on Monday that might give him a spot on the board, the Related Press reported.
The information got here regardless of Musk's criticism of Twitter over free speech issues on the platform. Lower than two weeks earlier than his shares buy was reported, Musk posted a ballot on Twitter that stated free speech is "important to a functioning democracy" and requested customers whether or not they believed Twitter "rigorously adheres to this precept."
The greater than 2 million responses noticed 70.4 % vote no. In one other tweet posted after the ballot outcomes got here in, Musk wrote that as a result of Twitter "serves because the de facto public city sq., failing to stick to free speech rules essentially undermines democracy."
He then requested his followers whether or not a new platform was wanted.
Musk's 9.2 % stake in Twitter makes him the corporate's largest shareholder, inspiring conversations on whether or not his newfound ties with the social media big would result in any modifications.
Conservatives rapidly referred to as on Musk to reinstate former President Donald Trump's Twitter account, which was suspended following the riot on the Capitol on January 6, 2021.
It is a creating story and might be up to date as extra info turns into obtainable.
Replace 4/5/22, 9:35 a.m. ET: This story was up to date with further info and background.
Post a Comment