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Elon Musk to join Twitter’s board of directors, teases 'significant improvements'
CNBC ^ | April 5th, 2022 | Jessica Bursztynsky

Posted on 04/05/2022 6:08:56 AM PDT by shadowlands1960

- Elon Musk will join Twitter’s board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC.
- Shares were up more than 5% in premarket trading.
- “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet.


Elon Musk will join Twitter’s board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC.

Shares were up more than 6% in premarket trading.

“Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet.

“He’s both a passionate believer and intense critic of the service which is exactly what we need on Twitter, and in the boardroom, to make us stronger in the long-term,” he added.

Musk’s term is set to expire in 2024, according to the filing. For his entire board term or 90 days after, Musk cannot be the beneficial owner of more than 14.9% of the company’s common stock outstanding.

Musk’s purchase comes after a bout of criticizing the social media company. The outspoken Tesla CEO polled people on Twitter last month about whether it adheres to free speech principles. He added that he was considering building a new social media platform.

After he was named to the board, Musk on Tuesday teased he would push for adjustments.

“Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!” Musk said in a tweet.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Computers/Internet; Politics
KEYWORDS: demagogicparty; karens; twitter
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Money! (Well get back!)

1 posted on 04/05/2022 6:08:56 AM PDT by shadowlands1960
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To: shadowlands1960

Wait! What? 1A rights for voices right of center?!?!?!

Unpossible!


2 posted on 04/05/2022 6:11:26 AM PDT by BBQToadRibs2
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To: shadowlands1960

Wait! What? 1A rights for voices right of center?!?!?!

Unpossible!


3 posted on 04/05/2022 6:11:26 AM PDT by BBQToadRibs2
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To: shadowlands1960

Improvements I’d like to see:

1. Fire CEO Parag Agrawal
2. Reinstate Trump
3. Reinstate me
4. Purge all censors. Fire them all.


4 posted on 04/05/2022 6:12:39 AM PDT by DeplorablePaul (s)
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To: shadowlands1960

I wonder if they will allow “mean tweets,” again? 😀😂😊🙃😁😆😄🤣


5 posted on 04/05/2022 6:13:03 AM PDT by Mark17 (Retired USAF air traffic controller. Father of a USAF pilot. USAF aviation runs in the family )
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To: DeplorablePaul

Just burn the entire company down. When companies do what twatter has done, they do not deserve to continue. Make an example of them. They are infected top to bottom with leftists. There is no fixing that.


6 posted on 04/05/2022 6:16:46 AM PDT by ConservativeInPA (Scratch a leftist and you'll find a fascist )
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To: shadowlands1960

Perhaps this is a good thing, but I still will not do Twitter. Never have, BTW.


7 posted on 04/05/2022 6:17:05 AM PDT by Salman (It's not a "slippery slope" if it was part of the program all along. )
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To: shadowlands1960

Do you suppose Musk has spent the weekend at Mar Lago?


8 posted on 04/05/2022 6:17:15 AM PDT by ryderann
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To: shadowlands1960
Twitter Stock Extends Surge As Tesla CEO Elon Musk Wins Board Seat
9 posted on 04/05/2022 6:17:49 AM PDT by NautiNurse (Who will portray Alec Baldwin in the SNL skit? )
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To: shadowlands1960

Start by firing the POS Anti-American CEO.


10 posted on 04/05/2022 6:18:07 AM PDT by skeeter
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To: DeplorablePaul

>1. Fire CEO Parag Agrawal

Immediately. He’s probably like Better.com’s CEO who called and fired all of his American workers on Zoom and then hired all Indians to replace them.


11 posted on 04/05/2022 6:18:38 AM PDT by struggle
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To: ConservativeInPA

Yeah. I don’t think he intends to burn $3 billion in public... Wait and see how it threshes out?


12 posted on 04/05/2022 6:19:48 AM PDT by shadowlands1960 ("...some day you will be old enough to start reading fairy tales again... " CSL)
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To: ryderann
Do you suppose Musk has spent the weekend at Mar Lago?

If he did then Trump is again braking the law, hiding the transcripts and telephone conversations. Sounds like a case for the January 6th circus commission.

13 posted on 04/05/2022 6:19:52 AM PDT by 1Old Pro
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To: DeplorablePaul
Censorship or no, their business model is to spy on their customers. Or rather their member, the real customers being the ones who buy the information, including the government. Or any government. Also useful for coordination impromptu robbery mobs and political lynch mobs.

Likewise Facebook.

It is an evil business model, and all such companies that practice it must be put out of business.

14 posted on 04/05/2022 6:22:49 AM PDT by Salman (It's not a "slippery slope" if it was part of the program all along. )
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To: struggle
Parag is singing the praises of Elon Musk on Twitter this morning:

Parag Agrawal @paraga
I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board. 5:32 AM · Apr 5, 2022·Twitter for iPhone Parag Agrawal @paraga
He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter , and in the boardroom, to make us stronger in the long-term. Welcome Elon! 5:32 AM · Apr 5, 2022·Twitter for iPhone

15 posted on 04/05/2022 6:23:51 AM PDT by shadowlands1960 ("...some day you will be old enough to start reading fairy tales again... " CSL)
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To: shadowlands1960

It just keeps getting better.


16 posted on 04/05/2022 6:24:18 AM PDT by SmokingJoe
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To: ConservativeInPA

“They are infected top to bottom with leftists. There is no fixing that.”

Oh I’m not so sure about that my friend.......if what we think is gonna happen does happen, I suspect more than a few of those folks might just climb to the top of a tall building and jump off.

Thereby fixing itself.


17 posted on 04/05/2022 6:24:40 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: shadowlands1960

If lefty heads are exploding, this is a good thing.


18 posted on 04/05/2022 6:25:29 AM PDT by Allegra
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To: shadowlands1960

Musk didnt want him to have the job. Dorsey sucking up by putting Musk on the same level as Parag in an announcement


19 posted on 04/05/2022 6:26:05 AM PDT by RummyChick ( )
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To: ConservativeInPA

“Just burn the entire company down. When companies .......... Make an example of them. They are infected top to bottom with leftists. There is no fixing that.”

sure there is a fixing that—burn the entire company down!!!!


20 posted on 04/05/2022 6:26:32 AM PDT by Jaysin (Trump can’t be beat, unless the democrats cheat)
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