Saturday, September 30, 2023
Saturday, September 30, 2023
Saturday, September 30, 2023

Elon Musk Becomes Key Player on Twitter’s Board After Acquiring Major Stake




Sign up with Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013 or email us.

This article was updated to adhere with AtNight Media’s Code of Ethics

Renowned entrepreneur and Tesla CEO, Elon Musk, has taken a significant step in his involvement with social media giant Twitter by joining its board of directors, Your Content has learned.

This move comes shortly after Musk acquired an impressive 9.2 percent stake in the company, causing Twitter’s stock to skyrocket by nearly 30 percent.

In a deal reached on Monday, Twitter granted Musk a seat on its board, solidifying his influential position within the company.

This agreement is set to remain in effect until the 2024 annual shareholders meeting, ensuring a long-term partnership.

- Advertisement -

However, it’s worth noting that Musk, either individually or as part of a group, is restricted from owning more than 14.9 percent of Twitter’s outstanding stock.

As Musk takes on this new role, speculation arises regarding the potential impact he may have on the platform.

Known for his unorthodox and often controversial approach, some wonder if Musk’s involvement will result in significant changes, challenging the current “woke” status quo.

With his presence, there is also curiosity surrounding whether Musk will advocate for the reinstatement of former U.S. President Donald Trump’s Twitter account.

Only time will tell how Musk’s presence on Twitter’s board will shape the platform’s future, but it is undeniable that his entry has already caused a substantial stir in both the business and social media worlds, according to LA Times.

Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013 or e-mail our tip line: [email protected]

Your Content is a publication centered around breaking news, trends, and true crime investigations. Sign up to receive our biggest stories as soon as they’re published.

First Woman Safety, Van Voorhis, Debuts in NCAA Football Game

In a history-making event for college football, Haley Van Voorhis, a Safety from Shenandoah University, made her debut as the first woman non-kicker to compete in an NCAA football game.

BPD and US Marshals Hunt for Murder Suspect, $6,000 Reward Offered

The Baltimore Police Department (BPD) has announced a reward of $6,000 for information leading to the arrest of 32-year-old Jason Billingsley.

Chester County Coach Charged in Major Child Sexual Abuse Case

Zachary Ray, a 31-year-old basketball coach and trainer from Wynnewood, Pennsylvania, has been charged in Chester County with multiple counts of child abuse, including aggravated indecent assault, possession of child pornography, and corruption of minors, involving three children aged between 10-16 years.

Shocking Biden’s Home Address Linked to Chinese Wire Funds

Records reveal that several months after Joe Biden declared his candidacy for the 2020 presidential race in 2019, Hunter Biden received two notable wire transfers from China.