Twitter CEO Parag Agrawal announced on Twitter, on April 5, 2022, that Elon Musk, the outspoken Tesla CEO, has been appointed to Twitter’s Board of Directors for a term until 2024. As a member of the group, Musk is not allowed to have more than 14.9% of Twitter’s common stock. In an SEC filling, Musk announced that he had purchased 9.2% of Twitter stock (73.5 million shares) – making him the largest shareholder in the company. Musk has previously complained about free speech on Twitter. In his tweet, he stated he was looking forward to making significant improvements in the company.
Donald Trump was banned from Twitter, Instagram, Facebook and several other social media platforms following the Jan. 6, 2021 riot at the US Capitol.
Encouraged by Elon Musk’s comments and stance about free speech, pro-Trump voices are speaking out, encouraging Musk to reinstate Trump’s Twitter account.
Musk has already made his first move – creating a poll asking Twitter users if they want an “edit” button. Some users believe that Musk needs an edit button.
It is anticipated that Musk will take an aggressive stance, supporting free speech on Twitter. How this will affect Trump’s account on Twitter is generating a lot of interest in the announcement of Musk’s appointment.
