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\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 would not accept the position<\/a>. <\/p>\n
After a tumultuous week, Twitter CEO Parag Agrawal announced that Musk declined the board seat<\/a>, which released 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
It didn\u2019t take long before the noise arrived in the form of an unsolicited offer by Elon Musk to buy 100 percent of Twitter\u2019s shares for $54.20 each<\/a>, or about $44 billion. The Twitter board of directors responded by implementing a poison pill measure<\/a>, meant to prevent anyone (read: Elon Musk) from taking over the company simply by purchasing shares on the open market.<\/p>\n
On April 25th, it was all over. Twitter has accepted Elon Musk\u2019s offer<\/a> to purchase the company for $44 billion.<\/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 has already 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. <\/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 would not accept the position. After a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[26,33],"tags":[],"class_list":["post-5994","post","type-post","status-publish","format-standard","hentry","category-science","category-space"],"yoast_head":"\nElon Musk and the $44 billion bid: all of the updates about his takeover of Twitter - 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\/05\/17\/elon-musk-and-the-44-billion-bid-all-of-the-updates-about-his-takeover-of-twitter\/\" \/>\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 $44 billion bid: all of the updates about his takeover of Twitter - 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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