Twitter Announces Elon Musk Will Join the Company's Board of Directors
Weeks ago, world's richest person Elon Musk, polled his followers about Twitter's free speech or lack thereof and hinted that one day he may own Twitter or start his own Twitter-like platform. Well, that day has come.
On Monday, Musk, 50, bought Twitter for approximately $44 billion.
Twitter agreed to sell the company to Musk for $54.20 per share, a 38 percent premium from company shares this month.
Back in March, Musk became Twitter's largest shareholder with a 9.2 percent stake in the social media platform. As the largest shareholder, Musk was invited to join Twitter's board of directors, a move announced by Twitter's CEO Parag Agrawal.
However, Musk was seeking something more than just becoming a board member.
In the SEC filing, Musk said he believes Twitter should be a private company in order to uphold the freedom of speech the platform offers.
I hope that even my worst critics remain on Twitter, because that is what free speech means
"One of the best things about Elon Musk either buying Twitter or starting his own platform is you know there would be a Dogecoin tip jar!" Steven said. Musk replied with a "💯" emoji.
As a longtime fan of cryptocurrency and memes, Dogecoin, has been the subject of many of Musk's tweets. As a Doge-influencer, Musk has been able to manipulate the price of the meme coin by tweeting in support of it.
2. Invent a 'Tweet From Your Brain' Option
Musk has consistently reinvented the wheel for technology, including biotechnology.
Last but not least, the one feature Musk may actually change is the addition of an edit button.
If there's one thing we've gathered from Twitter, it's the ease at which people can get 'canceled' because of a tweet. Whether it's dramatically misspelling the word "coverage" or a racist 2012 tweet reemerging, everyone is extremely conscious of what they tweet because once you do, there's no going back.
The idea of an edit button has loomed around for years, even Twitter has joked about adding one on April Fool's Day.