Heritage Foundation senior fellow Kara Frederick discusses Elon Musk becoming Twitter’s largest shareholder on ‘The Evening Edit.’
Twitter announced Tuesday it’s appointing Tesla and SpaceX founder Elon Musk to its board, expanding the billionaire’s influence during the ongoing debate over lack of free speech on the platform.
Twitter CEO Parag Agrawal tweeted the announcement Tuesday, writing that “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.”
Elon Musk, Tesla CEO, attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022. (Patrick Pleul/Pool via AP / AP Newsroom)
“Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!” Musk wrote, responding to Agrawal’s tweet.
The news comes after Musk purchased a 9.2% stake in Twitter Inc., according to a Monday filing from the SEC. He now controls nearly 73.5 million shares of the company, making him the largest shareholder. The purchase comes about a week after the billionaire criticized Twitter’s lack of free speech, saying it “fundamentally undermines democracy.”
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TWTR | TWITTER INC. | 49.93 | +10.62 | +27.02% |
This is a developing story. Check back for updates.
