Elon Musk gets a seat on Twitter’s board, says “significant improvements” are coming

elon musk
Credit: NY Post

One day after revealing he is Twitter’s largest shareholder, Elon Musk now has a seat on the company’s board of directors, a move that will give the Tesla CEO a say in how it is run.

In a regulatory filing announcing the appointment, Musk will serve as a ‘Class II director’ with his term on the board expiring in 2024.

Additionally, Musk will not be allowed to become the beneficial owner or purchase more than 14.9% of the company’s shares. Musk currently holds a 9.2% stake in the company, as announced yesterday.

Twitter CEO Parag Agrawal welcome Musk as the newest board member on Tuesday, saying he will be a valuable asset on the company’s board as he is both a believer and a critic of the service.

Eager to get to work, Musk thanked Agrawal and said there were “significant improvements” coming soon to Twitter.

One of those first significant improvements could be an edit button.

Musk asked Twitter users yesterday if one should be added, and with about 7 hours left in the poll the ‘yse’ has over 70% of the vote (hopefully the edit button will also apply to poll choices).

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