• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Monday, February 6, 2023
Maryland Digital News
  • Home
  • US
  • Business
  • World
  • Baltimore
  • Columbia
  • Germantown
  • Waldorf
  • Silver Spring
  • Frederick
  • Press Releases
  • Videos
No Result
View All Result
  • Home
  • US
  • Business
  • World
  • Baltimore
  • Columbia
  • Germantown
  • Waldorf
  • Silver Spring
  • Frederick
  • Press Releases
  • Videos
No Result
View All Result
No Result
View All Result
Home World

Elon Musk Won

by NewsReporter
April 11, 2022
in World
Reading Time: 4 mins read
elon-musk-won
Share on FacebookShare on Twitter

TechWatch: Elon Musk joins Twitter’s board

TechWatch: Elon Musk hints that “significant improvements” could be coming to Twitter 04:25

It turns out that Elon Musk won’t be joining Twitter’s board of directors, after all.

Late Sunday, Twitter CEO Parag Agrawal said Musk “has decided not to join our board,” sharing a message he sent the company regarding the change.

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022

Musk was set to officially become a board member on Saturday, according to the note, and opted out the same day. Agrawal did not explain Musk’s decision to reverse course, saying only that it is “for the best.”

Wedbush Securities analyst Dan Ives suggested one possible stumbling block — Musk’s frequent tweeting. “In our opinion, the Twitter board and Musk could not come to an agreement around Musk’s communications with the public (various polls) over Twitter as he likely needed to take a more back seat/quiet stance as part of joining the board,” he said in a report.

Musk, the billionaire SpaceX founder and Tesla CEO had purchased a 9.2% stake in the social media giant, or 73.5 million shares, worth about $2.9 billion, according to an April 5 filing with the Securities and Exchange Commission.

Twitter then said in a regulatory filing Tuesday that it entered into an agreement with Musk that would give him a seat on its board, with his term expiring in 2024. Agrawal said at the time that Musk “would bring great value” to the board.

After reports that Musk had opted against joining Twitter’s board, he tweeted out a single emoji to his more than 81 million followers on the platform — a face with a hand over its mouth; that has since been deleted.

Musk had been expected to push Twitter on issues of free speech, a topic on which he’s been outspoken, but there’s no word on how or whether that will change in light of his decision to not join the board.

Elon Musk becomes Twitter’s top shareholder 04:46

The price of Twitter Inc. shares fell about 7% in Monday premarket trading following the announcement, Bloomberg reported. But the move means that Musk is now free to own more than 14.9% of Twitter’s outstanding stock, which he wouldn’t have been able to do as a board member.

Twitter is among several social media platforms trying to strike a balance between free expression and the censoring of content deemed hateful, harmful or false. The company’s founder, Jack Dorsey, has been promoting the idea of an open-source media platform with few controls.

As of April 2022, Musk’s net worth of roughly $274 billion makes him the wealthiest person on the planet, according to Forbes.

    In:

  • Elon Musk
  • Twitter

Thanks for reading CBS NEWS.

Create your free account or log in

for more features.

Please enter email address to continue

Please enter valid email address to continue

Read More Here

Related Posts

what-is-rwanda’s-record-on-human-rights?

What Is Rwanda’s Record On Human Rights?

by NewsReporter
April 14, 2022
0

The British government has unveiled a £1.4bn plan to send asylum seekers to Rwanda while their applications are processed by the Home Office, a move that has already been described as “cruel and nasty” by the Refugee Council, “unworkable, unethical and extortionate” by shadow home secretary Yvette Cooper and “evil”...

trump’s-lawyers-to-meet-6-january-committee-–-follow-live

Trump’s Lawyers To Meet 6 January Committee – Follow Live

by NewsReporter
April 13, 2022
0

Mitch McConnell explains why he will still support Donald Trump Two lawyers who served at the most senior level in the Trump White House are today set to talk to the committee investigating events leading up to the 6 January insurrection. Former White House counsel Pat Cipollone and his onetime...

a-fifth-of-russia’s-war-dead-are-‘officers-sent-to-command-putin’s-troops-in-ukraine’

A Fifth Of Russia’s War Dead Are ‘officers Sent To Command Putin’s Troops In Ukraine’

by NewsReporter
April 12, 2022
0

NewsWorldEuropeWestern officials say the Kremlin has suffered ‘extremely high casualties’ during its invasion of Ukraine Russian soldiers run from Ukrainian missile bombardment in Vinnytsia OblastMore high-ranking Russian soldiers have been killed in the conflict, Ukraine’s military has said, following reports that about 20 per cent of the Kremlin’s war dead...

australian-leader-sets-may-election-as-inflation-concerns-rise

Australian Leader Sets May Election As Inflation Concerns Rise

by NewsReporter
April 10, 2022
0

SYDNEY—Australian Prime Minister Scott Morrison called for an election in May, marking the official start of a race that has increasingly become focused on concerns over inflation that are challenging governments world-wide.The May 21 election will pit Mr. Morrison and his center-right governing coalition, which includes Mr. Morrison’s Liberal Party...

Maryland Digital News

© 2021 Maryland Digital News

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Maryland Digital News

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT