According to the original plans, Musk was to become a member of the board of directors on Saturday, until 2024 he was to hold the position of director. He was not allowed to own more than 14.9 percent of Twitter’s shares alone or in the group during his term and 90 days after termination.
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“But Elon shared the same morning – Saturday – that he would no longer become a member of the board,” Agrawal said. “It simply came to our notice then. We have always valued and will appreciate the contributions of our shareholders, whether they are on the board or not. Elon is our largest shareholder and we will continue to be open to his contributions, “added the head of Twitter.
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Panic among employees
The news of Musk’s joining the board caused some Twitter employees to panic about whether it will continue to be possible to moderate content on the social network, sources from the company told Reuters. Before acquiring a significant stake in the company, Musk conducted a survey on Twitter asking users if they thought the operator complied with the principle of freedom of expression.
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The day after he became the largest shareholder, he launched another survey in which he asked users if they wanted a button to post-edit contributions. The platform is working on this long-awaited editing function. It is due to test it on its paid Twitter Blue service in the coming months. It is not yet clear whether the feature will be available to all users, the AP agency wrote.
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A homeless shelter from Twitter?
The head of Tesla also asked in a user survey whether the headquarters of Twitter, where few people go to work after the covid-19 pandemic, should be turned into a homeless shelter. His idea was also supported by Amazon founder Jeff Bezos, who is the second richest man in the world after Musk.
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On Saturday, Musk proposed changes to the premium subscription service Twitter Blue. It is for price reductions, advertising bans and the ability to pay for cryptocurrency dogecoin. On the same day, he published a post asking if the social network was not going away. He cited several accounts, such as former US President Barack Obama or singer Justin Bieber, to which contributions rarely increase.
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Forbes magazine on Tuesday presented its latest ranking of the richest people on the planet with assets of over one billion USD. This year, Musk appeared at the top of the rankings, removing Jeff Bezos, the founder of the Amazon online store, from the first position. Forbes estimated Musk’s assets at $ 219 billion.
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