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Elon Musk's Reason Why He WANTS Twitter!

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Elon Musk’s Reason Why He WANTS Twitter!

Elon Musk will join Twitter’s board of directors, one day after the Tesla CEO disclosed a large stake in the social media company, making him the company’s largest shareholder. Let’s know more!

Hey guys! Welcome back to our channel Elon Elon Musk Evolution where we tell you all the latest news about Elon Elon Musk and his multi billion companies. In today’s video we are going to tell you about Twitter Just APPOINTED Elon Musk As One Of Board Of Director.

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“I’m excited to share that we’re appointing Elon Musk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” A tweet is posted by none other than Twitter CEO Parag Agrawal himself, declaring this huge news

Elon Musk, who is also the founder of SpaceX and the world’s richest man, had announced the day before that he had purchased 73.5 million shares of Twitter’s common stock, or 9.2 percent of the company, sending the stock’s value up more than 27 percent on Wall Street.

The billionaire’s investment sparked rumours of a takeover of the microblogging platform, which is influential in the political and media worlds but has struggled to grow profitably.

According to a note from Wedbush, Agrawal’s invitation represents “a friendly move by the Twitter board to embrace Elon Musk with open arms,” which could result in significant strategic shifts for a company “still struggling in a social media arms race.” However, given Elon Musk’s proclivity for divisive remarks, they advised, “get out the popcorn.”

Elon Musk had previously questioned the platform’s commitment to free speech, echoing Donald Trump supporters who want to see the former US president return to Twitter after a lifetime ban imposed in the aftermath of the January 6 riot.

“A passionate believer and intense critic of the service, which is exactly what we need,” Agrawal said of Elon Musk.

The Twitter CEO also shared a poll that Elon Musk had posted to the platform, asking if a function to edit tweets should be added, saying, “The poll’s consequences will be significant. Please vote with care.”

“I’m looking forward to working with Parag and the Twitter board to make significant improvements to Twitter in the coming months!” Elon Musk said.

“He cares deeply about our world and Twitter’s role in it,” said Twitter founder Jack Dorsey of Elon Musk.

According to a securities filing, Elon Musk will remain on Twitter’s board of directors until the company’s annual shareholder meeting in 2024, and he has promised not to take a stake in the company larger than 14.9 percent during that time.

The arrival of Elon Musk also boosted the spirits of some analysts who had been disappointed with the company’s performance. Twitter’s revenues in 2021 were $5.1 billion, up 37% from 2020, but still a fraction of Facebook parent Meta’s $33.7 billion.

Angelino Zino, a CFRA Research analyst, praised Elon Musk’s arrival as a “true visionary.”

“Ultimately, the goal is to better monetize the platform, and we believe Elon Musk’s recent criticism of the company as a refreshing sign can only help, not hurt the process,” Zino said, noting that Elon Musk’s stake terms prevent him from taking over the company.

Susannah Streeter, an analyst at Hargreaves Lansdown, took a more cautious stance, describing Elon Musk as “socially ambitious” and speculating that the Tesla CEO might use the platform to promote his businesses.

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Patricia Jpb says:

Good on him ❤️👍

William Gallant says:

He must create his own media! He is so influential, linkable, creative force. I hate all the leftist monopolies, media

Dirty Miner Apparel says:

He declined the position and I heard he put another 11 million into stock. This might be a Steve Jobs style buy out like Pixar.

Bonnie Wilson says:

what is a CEO ..but the boss and shouldn't be told what to do I think some of you should go back to business school ..

Bonnie Wilson says:

Amendments to the Constitution of the United States of America

The first ten amendments to the Constitution-the Bill of Rights were ratified effective December 15, 1791.

Amendment I

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

George Charles says:

Elon Musk just declined a seat on the Twitter board, probably because of the stipulations.

Jeff Rose says:

I'm no longer waiting for the GRANT LOAN because I earn $50,000 every 7 days recently

Ryan says:

he will now not be joining board of directors

Dale Smith says:

Trump Elon MAGA 2024

Alex Benjamin says:

Nice Video. I finally got my profit of $135,711 on crypto investment. thanks to BING MICHAEL ADVISORY SERVICE.

Gorf says:

Elon Musk rules! HE JUST TOLD TWITTER FU ABOUT THEIR BOARD JOB ! OWN THEM OR DESTROY THEM BUT HAVE FUN ELON!! HA HA HA HA HA!
NOW GO BUY DISNEY!

Bernesteen Mills says:

Elon is 👍

Jotaro Kujo says:

Lol and the news comes out; Elon doesn’t want to join the board

Marilyn Dillard says:

I'm loving ELON TRUMP ROGAN KID ROCK AN TYSON THESE DAYS.ALL ARE STRAIGHT SHOOTERS FUNNY AN FORWARD THINKING VISIONARYS.. JAMES WOOD IS TOO, BUT WON'T SPEAK OUT ANYMORE.. JORDAN PETERSON IS OPEN MINDED TOO..WE NEED THESE STRONG MEN TO TAKE US TO DIFFERENT WORLD COMMON SENCE HEIGHTS…// REFRESHING AN AFFERMATIVE..
Thanks guys!! God bless us…an you all-👏

Dale Smith says:

Elon please let President Trump back on twitter! TRUMP MUSK 2024 MAGA‼️💯‼️

Dale Smith says:

Trump Elon MAGA 2024‼️

Gary Gagnon says:

ELON stick ME on the BOARD of DIRECTORS twitter

Richard Cress says:

Buy Facebook so our freedom of speech will not be violated

Nelson Powell says:

Bring back Trump

Nelson Powell says:

You go Musk

puppy love says:

this in one of the most unattractive men on the planet..screw him and his ideas

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