Elon Musk

On Monday, Musk queried if his followers wanted an edit button, offering misspelled “yes” and “no” options in his usual humorously casual style.

Musk revealed this week that he’s acquired a 9.2% passive stake in Twitter, however his recent postings on the service — where he has more than 80 million followers and has filled the void left by Donald Trump as one of the most influential accounts — have actively discussed perceived shortcomings.

Twitter CEO Parag Agrawal retweeted Musk and urged people to “vote carefully” as the consequences “will be important.” Musk posted the poll just hours after his ...

"Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," Musk tweeted March 26. On April 1, or April Fools' Day, Twitter tweeted a message through its official account saying that it was working on an "edit" button. The rise comes hot on the heels of Twitter's best day of trading since its IPO in 2013, with shares surging over 27% on Monday.

Tesla founder and billionaire Elon Musk took a surprise stake in Twitter, which has a new CEO and ambitious growth goals.

"We are a platform for people who have a voice but at the same time we can't just shrug," Agrawal said. If the recent stock gains hold, he said he may reconsider. However, Wedbush Securities analyst Dan Ives said this could just be "the start" for Musk, who may take an even "more aggressive ownership role of Twitter." When Agrawal ws appointed as CEO in November, Twitter's stock dropped to a 52-week low. Musk has for years been an avid Twitter user and in recent months he's tweeted about the company and its decisions. By late Monday, the day Musk's stake became public, he was already getting involved, asking Twitter users whether they wanted an edit button.

PALO ALTO, U.S. -- Tesla CEO Elon Musk has become a major shareholder in Twitter by acquiring a 9.2% equity stake. Here are three things to know.Why d.

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Here are three things to know. Why has Tesla's Elon Musk bought 9% of Twitter? 3 things to know

Musk had earlier made several tweets criticizing Twitter's moderation rules and mulled the need for a new social-media platform.

It is not immediately clear how much control Musk seeks to exercise over the social-media platform. On March 25, he also tweeted an informal survey asking his followers whether Twitter had adhered to the principle that free speech was essential to a "functioning democracy." The platform experienced technical difficulties at its launch in February. While Musk had not directly addressed the requests as of Monday evening, the Tesla CEO alluded to his new Twitter shares again by surveying users on whether they wanted a button on the platform to edit their tweets and comments. Conservatives in particular have long taken issue with large social-media companies' content-moderation policies. * Musk disclosed a 9.2% stake in Twitter on Monday that makes him the company's largest shareholder.

“Free speech is essential to a functioning democracy,” Musk tweeted to his 80 million followers. “Do you believe Twitter rigorously adheres to this principle?” ...

The form he filled out to disclose his investment, meanwhile, indicates that he had “not acquired the securities with any purpose, or with the effect, of changing or influencing the control of the issuer.” Musk, however, has never cared much for rules and seems to actually enjoy tangling with the SEC. That Musk posted his poll after acquiring shares in Twitter suggests he does indeed intend to pressure Twitter to change its policies—but then again, Musk seems to be governed almost entirely by whims. But after releasing his poll, Musk briefly publicly flirted with the idea of starting his own social media platform, telling a Twitter user he was “giving serious thought” to the possibility. To an extremely rich person, $2.9 billion in stock is a lot but ultimately not that much—his net worth is nearly a hundred times that.

The immutable quality of posts on Twitter has been a hallmark of the platform ever since its launch in 2006 despite recurrent if muted requests for change.

Twitter's new chief executive, Parag Agrawal, quoted the post and said: "The consequences of this poll will be important. It is not clear whether the poll was a genuine request for policy feedback or simply a joke. His stake is considered a passive investment which signals he has no demands on a larger slice of the company - although analysts have cautioned it could ultimately lead to Musk becoming more involved with the running of the business.

Tesla's CEO is now the platform's largest shareholder and he seems intent on making some changes, polling users on whether they want an edit button.

"If it gets other companies interested (in acquiring Twitter), it'll probably be at a higher price than right now". Vanguard is Twitter's second-biggest shareholder, with an 8.79 per cent stake, according to Refinitiv data. He has already sold $16.4 billion (€15 billion) worth of shares since then. Dorsey, who owns a stake of more than 2 per cent in Twitter, stepped down as CEO and chairman in November last year, handing the reins to company veteran Parag Agrawal. Musk - who, according to Forbes, has a net worth of about $300 billion (€273 billion) - has been reducing his stake in Tesla since November, when he said he would offload 10 per cent of his holding in the electric-car maker. Hours after buying a 9.2 per cent stake in Twitter, Tesla and SpaceX CEO Elon Musk posted a poll asking users of the micro-blogging platform if they wanted an edit button.

After becoming Twitter's largest shareholder, Elon Musk, Tesla's chief executive, is joining the company's board of directors.

The news sent Twitter’s shares skyrocketing more than 20 percent on Monday. Mr. Musk had been quiet on his intentions for the purchase, which was worth about $2.9 billion before it was disclosed but has risen sharply in value since. Twitter’s stock rose more than 6 percent in premarket trading on Tuesday after the news of Mr. Musk’s board appointment.

Twitter announced this morning via a tweet and a filing with the U.S. Securities and Exchange Commission that Elon Musk is joining the social network's ...

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Tesla and SpaceX boss becomes social media platform's biggest shareholder with 9.2%

Musk settled with the SEC, paying a $20m fine and stepping down as Tesla’s chair, while saying it was “harassment” and an “unjustified action”. “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our board,” he said in a tweet. In pre-market trading on Tuesday the shares were up 7% to just under $50, valuing the company at about $40bn.

The appointment comes after the billionaire entrepreneur and meme poster asked Twitter users whether they wanted an edit button for tweets.

Twitter's new chief executive, Parag Agrawal, quoted the post and said: "The consequences of this poll will be important. It is not clear whether the poll was a genuine request for policy feedback or simply a joke. Welcome Elon!"

“Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet.

It's "time to get out the popcorn and watch the developments over the coming months with Musk on the Board," he said. Musk is an avid Twitter user with more than 80.5 million followers on the platform. Hours after his holding in the company was revealed, Musk took to Twitter to poll users on interest in an edit button. Musk said in a tweet. After the stake was revealed on Monday, investors pushed the stock up 27%, the mark its best day since its IPO. He added that he was considering building a new social media platform.

Elon Musk will join Twitter's board of directors, elevating him to the company's leadership a day after it was revealed he bought more than 9 percent of the ...

In a note published Monday prior to the board announcement, Jefferies analyst Brent Thill said the stock surge could prove to "an over-reaction" given the unclear rationale behind Musk’s investment. Musk tweeted last month that Twitter was a threat to democracy. "And, we believe Twitter’s long-awaited turnaround could be completed more efficiently away from the public scrutiny." "He cares deeply about our world and Twitter’s role in it," Dorsey wrote. It's not clear how Twitter's 5,500 employees have reacted to the news, but a screenshot from the company's internal Slack chat seen by NBC News offered some indication of a split. Welcome Elon!" Agrawal added.

Elon Musk is getting a seat on Tesla's board of directors after purchasing a 9.2 percent stake in the company. His term as a board member will run into ...

As noted by CNBC, Musk’s investment could set off more issues with the SEC. The SEC requires anyone with more than a 5 percent stake in the company to disclose their purchase within 10 days. Musk has butted heads with the SEC several times over the content in his tweets. “For so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions.” In a pair of tweets, Twitter CEO Parag Agrawal confirmed Musk’s new role on the board. On Monday, Musk announced via an SEC filing that he’d purchased a 9.2 percent stake in Twitter, despite his complaints about free speech on the platform. This is a type of position that can be used as an anti-takeover measure.

His tweets — which range from commentary about his companies, Tesla (TSLA) and SpaceX, to sometimes controversial statements about pop culture and current ...

BERLIN, GERMANY DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 on December 01, 2020 in Berlin, ...

Twitter Inc said on Tuesday (local time) it will offer Tesla boss and entrepreneur Elon Musk a seat on its board of directors, a position he plans to use to ...

Billionaire businessman Elon Musk will join Twitter's board of directors, an announcement that came just hours after news broke that the Tesla and SpaceX ...

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Twitter, Inc. (TWTR) filed with the U.S. Securities and Exchange Commission (SEC) today, making Tesla, Inc.'s (TSLA) chief executive officer (CEO), ...

The investor hype that surrounds Tesla is likely to rub off on Twitter as Musk comes aboard, at least in the near term. Musk will not be able to hold more than 14.9% of Twitter's outstanding common stock including those in shares, derivatives, swaps, hedges and any other form of financial instrument while serving as a director and for 90 days thereafter. According to the filing, Musk will serve as a Class II director until 2024.

Tesla CEO Elon Musk is one of Twitter's most outspoken voices. Now he's also the social media company's largest shareholder.

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Ahahahahahaha fine. Longtime shitposter Elon Musk, who has a side gig as the CEO of Tesla, is on the board of Twitter, a newly minted meme stonk, ...

On the one hand: Musk has a fandom, and now Twitter has a fandom, too. One possible outcome is that Musk’s position on the board makes him back away from shitposting for the exact reason many people spend a lot of time on Twitter in the first place: he wants to avoid doing work. The platform’s top shitposter already has the keys to the castle, and he’s gotten them in a way that’s specifically a thumb in the eye of the SEC. We love to have fun on Twitter dot com! See, Twitter now has a fandom: Musk’s. Musk has wandered into Twitter well after it became a public company, is a prolific — one might even say flagrant — user of its product, and presumably brings a number of retail investors trailing him. Musk, of course, is known for being enamored of Dogecoin, to say nothing of Tesla’s brief foray into Bitcoin payments for its cars. A different style of billionaire might elect to buy a national newspaper with a storied past and re-invest in it, just like he might secretly test his dick-shaped rocket for many years before publicly taking a ride on it.

Twitter says it will offer Tesla boss and entrepreneur Elon Musk a seat on its board of directors, after it was revealed he had amassed a 9.2 percent stake ...

The company is working on building an open protocol that would allow different social media companies to operate together. He said in January that Tesla would not launch a $25,000 electric car, saying "we have ... too much on our plate, frankly." "I'm excited to share that we're appointing @elonmusk to our board," Twitter chief executive Parag Agrawal said in a tweet. Twitter executives tweeted out congratulations after the announcement. Musk reached out to Twitter co-founder Jack Dorsey and chief executive Agrawal shortly after he built his stake on 14 March, telling them he wanted to join the board, according to a source familiar with the situation. Twitter says it will offer Tesla boss and entrepreneur Elon Musk a seat on its board of directors, a position he plans to use to bring about significant improvements at the social media site.

Billionaire businessman Elon Musk will join Twitter's board of directors, an announcement that came just hours after news broke that the Tesla and SpaceX ...

"The consequences of this poll will be important," Agrawal said in response, an apparent reference to one of Musk's tweets from last month. Welcome Elon!" Agrawal added. "He's both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term.

Analysts are already speculating whether the Tesla CEO may agitate for more control over Twitter now that he's a major shareholder and director.

Twitter suggested Musk and other members of its board don't have the authority to set company policies. Musk has a history of courting controversy and promoting his companies on Twitter, while dismissing some SEC rules. It's also unclear how present Musk will be on the board. "Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," he tweeted. "He's both a passionate believer and intense critic of the service which is exactly what we need on Twitter, and in the boardroom, to make us stronger in the long-term," Agrawal tweeted. Controversy tends to attract consumers, but repel advertisers, something the board should be wary of, he said. Musk could still agitate for change to the company's policies. Musk, who's been known to attack journalists and others who criticize him and his company, has an unclear definition of free speech. If he does, he'll have to disclose it with the SEC in a 13D form. The social media company set some parameters to Musk's appointment on the board, potentially limiting his influence. "My suspicion is he will start relatively slowly, but then he'll want to make some serious changes, probably more in the direction of free speech," said Youssef Squali, an analyst from Truist Securities who recommends buying Twitter shares. He has previously called out Twitter's content-moderation policies, claiming the company has failed to uphold free speech principles.

The Tesla CEO took a $2.9 billion stake in Twitter after questioning its commitment to free speech.

And some worried that Musk’s history of instability and fights with the SEC would only bring more mismanagement to Twitter. And he has conducted a series of polls that hint at how he intends to wield his influence. (Twitter’s communications team tweeted late Tuesday that the company had been working on creating an edit button for months and “didn’t get the idea from a poll.”) Musk’s free-speech tweets continued in the following days, leading to speculation that Musk was taking interest in investing in or launching his own social media company. Musk’s appointment to Twitter’s board comes with a limitation on how large his ownerships stake can grow. The elevation of Musk to the board sets the stage for an election-year political confrontation between conservatives who would like to see a more laissez-faire approach to moderating what users say and executives within the company who have championed stronger actions to reduce misinformation and harm. Jack Dorsey, the company’s co-founder and Agrawal’s predecessor as CEO, echoed the welcome while hinting that he expects Musk to take on a leadership role. “Our Board plays an important advisory and feedback role across the entirety of our service,” spokesperson Brenden Lee said in a statement. On March 24, after he had acquired part of Twitter but before he had disclosed it, Musk conducted a Twitter poll asking whether Twitter’s algorithm should be “open source.” The next day, he ran another Twitter poll, this time asking whether Twitter adheres to principles of free speech. It could also be a harbinger of how he plans to use his own Twitter megaphone as a bully pulpit to agitate for changes. “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” Agrawal tweeted. While Musk’s earlier federal regulatory filings indicated that he planned to take a passive stake in Twitter, his actions since then leave no doubt that he intends to shake it up.

Elon Musk, the billionaire Tesla CEO and power Twitter user who is now Twitter's largest shareholder and newly appointed board member, may have thoughts on.

Musk is someone who could seemingly use an edit button. Letting powerful Twitter users edit their tweets means they would not be historical statements anymore, Grygiel said. Grygiel suggested instead giving Twitter users a window of time to edit their tweets before they publish them. Many Twitter users — among them, Kim Kardashian, Ice T, Katy Perry and McDonald's corporate account — have long begged for an edit button. Twitter spokesperson Catherine Hill declined to comment on whether Agrawal was joking, and did not answer whether Twitter would follow the results of Musk's poll. Musk had used the same language in a March tweet describing another one of his polls that asked whether Twitter adheres to free speech principles.

Our policy decisions are not determined by the Board or shareholders,” a Twitter spokesperson said, though the statement may not assuage the concerns of ...

“Will he push for Twitter to open up its algorithm, which the company’s co-founder and former C.E.O. Jack Dorsey appeared to support last week?” “What should be done?” As some conservatives turn to alternative social networks—though perhaps not Trump’s failing Truth Social—the fact that Musk has decided to actually purchase a stake in Twitter has left some questioning his long-term plans in the venture. Musk, who has over 80 million followers on Twitter and now a 9.2% stake in the company according to a regulatory filing on Monday, making him Twitter’s largest shareholder, has seen frequent controversies due to his use of the platform, ranging from SEC violations to troublesome trolling of his critics. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” he added in a separate tweet. Zamora went on to note that while board members like Musk play “an important advisory and feedback role across the entirety of our service”—a role that includes overseeing mergers, acquisitions, and profitability—they are not responsible for the site’s “day to day operations and decisions.” (Musk, who owns 73,486,938 shares of Twitter, holds a passive stake in the company, according to an SEC 13G filing, meaning he is a long-term investor who is, per Bloomberg, not angling to wrest more control from Twitter’s other shareholders.) Do you believe Twitter rigorously adheres to this principle?” Musk wrote in a Twitter poll, adding that the “consequences of this poll will be important.

Elon Musk, the billionaire Tesla CEO and power Twitter user who is now Twitter's largest shareholder and newly appointed board member, may have thoughts on ...

Grygiel suggested instead giving Twitter users a window of time to edit their tweets before they publish them. Letting powerful Twitter users edit their tweets means they would not be historical statements anymore, Grygiel said. For what it's worth, the chief technology officer of Facebook owner Meta, Andrew Bosworth, tweeted Monday that big changes to posts that have already gone viral were not an issue. Musk had used the same language in a March tweet describing another one of his polls that asked whether Twitter adheres to free speech principles. Twitter spokesperson Catherine Hill declined to comment on whether Agrawal was joking, and did not answer whether Twitter would follow the results of Musk's poll. Many Twitter users — among them, Kim Kardashian, Ice T, Katy Perry and McDonald's corporate account — have long begged for an edit button.

The feature has been one of the most requested new features for the social networking service for over a decade.

The feature has been one of the most requested changes to the social networking service for over a decade. "Edit has been the most requested Twitter feature for many years. "Protecting the integrity of that public conversation is our top priority when we approach this work," Sullivan tweeted.

Elon Musk didn't actually tweet about his new stake in Twitter, which for an avid tweeter seemed somewhat ironic. Maybe it was because the 9.2% he now owns ...

Howard Fischer, partner at law firm Moses & Singer, told Reuters that, given he had already bought a stake in Twitter, these questions could be seen as a form of market manipulation. Mr Agrawal is clearly watching his every move. And it seems most likely that it will be from this Twitter account that Musk will let the world know what he intends to do next. Donald Trump, who was banned from Twitter in January 2021 after the Capitol riots, announced last autumn that he was launching his own social network - dubbed Truth Social - to "stand up to the tyranny of big tech". It would be a big change for Twitter to include an edit button, and Musk is clearly keen to be part of that conversation. I’m excited to share that we’re appointing— Parag Agrawal (@paraga) @elonmuskto our board! Cornell University's assistant professor Alexandra Cirone thinks this is evidence he may use his new stake "to try to influence Twitter practices" and for a "more active play in the social media eco-system". Last month, after he had lodged his investment with the SEC - but before his shareholding became public knowledge - he asked users whether they believed that free speech was essential to a functioning democracy and whether Twitter adheres to this principle. Musk has something of a love-hate relationship with Twitter. He is a frequent tweeter, with more than 80 million followers - and no stranger to controversy in his interactions on the social media site. "We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter," he said. Musk uses Twitter not just as a barometer for how he runs his own companies, but also increasingly to take the temperature of the nation. He added that "as a passionate believer and intense critic" of the service, he is "exactly what we need".

Tesla chief gains an influential voice at a platform that has helped define his disruptive brand.

Musk seems openly determined to make changes, under the guise of democracy. On March 25, 11 days after becoming Twitter's largest shareholder, Musk tweeted a ...

Hence, Musk has voiced his enthusiastic approval for the site, and seems to miss its presence on Twitter. On Twitter, Musk has angrily responded to The Onion, after the satirical news site mocked him (amusingly, The Onion has since doubled down). After revealing his new position on the board of directors, Musk polled his followers again, asking if Twitter should add an edit button, intentionally including spelling errors to underline his point - this time, Twitter CEO Parag Agrawal noted that the poll would have important consequences.