Elon Musk formally joined Twitter's board of administrators this week following his sizeable inventory buy, however he doesn't have the authority to unilaterally reverse the bans of Donald Trump and different figures who've been faraway from the platform.

Twitter CEO Parag Agrawal made the announcement about Musk becoming a member of its board on Tuesday a day after the information that he had acquired a 9 p.c stake within the social media big went public. With over 73,000,000 shares valued at round $2.89 billion, Musk is now the one largest outdoors investor in Twitter, even when he doesn't have a controlling stake.

As Newsweekreported on Monday, nonetheless, this stake nonetheless doesn't make it probably that Musk will be capable of unilaterally make modifications to how Twitter operates. So as to take action, he would wish a controlling stake of at the least 50 p.c of all shares within the firm. For now, Musk would wish the assist of different board members and shareholders to enact modifications.

Which means it's unlikely, for now, that Musk would be capable of unban sure controversial conservative figures who've been kicked off Twitter lately. When Musk requested his huge Twitter following what modifications ought to be made to the platform, quite a few conservatives urged him to revive the account of former President Donald Trump. Outspoken GOP Congresswoman Marjorie Taylor Greene can also be among the many conservative lawmakers completely banned from Twitter, in her case for spreading COVID-19 misinformation from her private account. Greene's official Congressional account stays energetic.

elon musk twitter board of directors
Elon Musk has joined the Twitter board of administrators, however his capability to have an effect on change on the platform stays considerably constrained. Above, a representational picture of the Twitter brand.Kirill Kudryavtsev/AFP by way of Getty Photos

Regardless of the present limits of his place on the Twitter board, analysts predict that Musk may take extra aggressive motion sooner or later, permitting him to achieve extra management of how the corporate operates.

"We view this as simply the beginning of Musk shaking issues up on Twitter," Daniel Ives of Wedbush Securities stated in feedback despatched to Newsweek on Monday. "The platform, the Board, and the technique are all on the desk as soon as he goes above 10 p.c possession with a buyout and M&A probably on the horizon relying on the subsequent steps."

On Monday night time, Musk as soon as once more polled his followers a couple of potential change on the platform, this time about including an edit button. Agrawal additionally shared the tweet.

"The implications of this ballot can be vital," the CEO wrote. "Please vote fastidiously."

Agrawal made the information of Musk's becoming a member of Twitter's board of administrators official in a sequence of tweets on Tuesday morning.

"I am excited to share that we're appointing [Elon Musk] to our board!" Agrawal wrote. "By way of conversations with Elon in current weeks, it grew to become clear to us that he would deliver nice worth to our Board. He is each a passionate believer and intense critic of the service which is strictly what we want on [Twitter], and within the boardroom, to make us stronger within the long-term. Welcome Elon!"

"Wanting ahead to working with Parag & Twitter board to make important enhancements to Twitter in coming months!" Musk tweeted in response.