Elon Musk will join Twitter’s board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC. “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.
Musk’s purchase comes after a bout of criticizing the social media company. The outspoken Tesla CEO polled people on Twitter last month about whether it adheres to free speech principles.
After he was named to the board, Musk on Tuesday teased he would push for adjustments. “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!” Musk said in a tweet.
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aaaannnnd it turns out Musk’s SEC disclosure (which claimed he was exempt from a 13D report because he’s a “passive” investor) was both late and just plain false, as Twitter just disclosed he has an agreement to be appointed to their board: https://t.co/aoGifLLHfy https://t.co/tKd2S8lses
— Max Kennerly (@MaxKennerly) April 5, 2022
Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!
— Elon Musk (@elonmusk) April 5, 2022