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{"id":3383,"date":"2022-04-11T14:51:55","date_gmt":"2022-04-11T14:51:55","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/04\/11\/elon-musk-and-the-disappearing-board-seat-all-of-the-updates-about-twitters-largest-shareholder\/"},"modified":"2022-04-11T14:51:56","modified_gmt":"2022-04-11T14:51:56","slug":"elon-musk-and-the-disappearing-board-seat-all-of-the-updates-about-twitters-largest-shareholder","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/04\/11\/elon-musk-and-the-disappearing-board-seat-all-of-the-updates-about-twitters-largest-shareholder\/","title":{"rendered":"Elon Musk and the disappearing board seat: all of the updates about Twitter\u2019s largest shareholder"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/4\/11\/23019836\/elon-musk-twitter-board-of-directors-news-updates<\/a>
\n
<\/br><\/code><\/p>\n

\n

First, we learned that Elon Musk had purchased enough shares of Twitter to become its largest individual shareholder<\/a>. The company announced<\/a> Musk would take a seat on its board of directors, but within the space of a week, that plan unraveled, and Musk informed the board he will not accept the position<\/a>. What is Elon up to now?<\/p>\n

In the midst of all of this, Musk appears to have run afoul of a few SEC rules while continuing to thumb his nose at the agency that charged him with securities fraud over a tweet<\/a>.<\/p>\n

Musk, who already leads Tesla, SpaceX, The Boring Company, and Neuralink, is one of Twitter\u2019s most visible users, with a large audience of devoted followers<\/a>. The billionaire exec spontaneously shares earthshaking company plans, uncredited memes, and bizarre accusations<\/a>. That\u2019s in addition to responses that serve as a global tech support line for people who want everything from help with their electric car to politicians seeking satellite internet so they can keep citizens connected during a war. <\/p>\n

The Musk era at Twitter included a surprise reveal that it will test an edit button for tweets<\/a> soon \u2014 news that the company insists had nothing to do with a poll that its almost board member posted <\/a>about the feature just before it was confirmed. The company also clarified that a board seat would not exempt Musk from its moderation policies<\/a>.<\/p>\n

After a tumultuous week, Twitter CEO Parag Agrawal announced that Musk declined the board seat<\/a>, which would release the world\u2019s richest human from his commitment to not acquire more than 14.9 percent of the company\u2019s shares. In a letter to Twitter employees, Agrawal said, \u201cThere will be distractions ahead, but our goals and priorities remain unchanged.\u201d He also asked employees to \u201ctune out the noise.\u201d <\/p>\n

Musk responded with an emoji, of course, and then quickly deleted it after just a few minutes:<\/p>\n

\n <\/p>\n

<\/p>\n\"\"<\/p>\n

<\/source><\/picture>\n

<\/span><\/p>\n

<\/span><\/p>\n

Musk\u2019s deleted tweet.<\/em><\/figcaption><\/span><\/p>\n<\/figure>\n

He\u2019s also deleted some (but not all) of the tweets he posted about Twitter between the time when he informed the board he would not take a seat and when Agrawal announced the news.<\/p>\n

One possibility that would be very distracting? A hostile takeover attempt from the first influencer CEO<\/a>. Read on for our latest updates about Elon Musk and Twitter.<\/p>\n<\/p><\/div>\n


<\/br><\/code><\/p>\n

Source: https:\/\/www.theverge.com\/2022\/4\/11\/23019836\/elon-musk-twitter-board-of-directors-news-updates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: First, we learned that Elon Musk had purchased enough shares of Twitter to become its largest individual shareholder. The company announced Musk would take a seat on its board of directors, but within the space of a week, that plan unraveled, and Musk informed the board he will not accept the position. What is […]<\/p>\n","protected":false},"author":1,"featured_media":3384,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"yoast_head":"\nElon Musk and the disappearing board seat: all of the updates about Twitter\u2019s largest shareholder - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/04\/11\/elon-musk-and-the-disappearing-board-seat-all-of-the-updates-about-twitters-largest-shareholder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk and the disappearing board seat: all of the updates about Twitter\u2019s largest shareholder - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: First, we learned that Elon Musk had purchased enough shares of Twitter to become its largest individual shareholder. 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