Elon Musk’s move to take over Twitter is another after it revealed a 9.2 percent purchase in early April. company shares. Then he received a proposal to join the company’s management boardbut after five days and a few weekend-critical Twitter posts, he refused to accept this offer.
Refusing to join the board of directors released Musk from the restriction that such a decision would have entailed. Thanks to it, the billionaire can buy more than 14.9 percent. company shares.
– I invested in Twitter because I believe it has the potential to become a platform for freedom of speech all over the world, and I believe that it is a social imperative in functioning democracies – argued Musk and added that the current form of operation of the company will not allow it or its development nor serve a social purpose.
