Parag Agrawal, CEO of Twitter, announces the arrival of Elon Musk to the board of directors of the social network. In just a few hours, the boss of Tesla and SpaceX has become one of the strong personalities of the company.
It’s called not wasting time. Monday April 4, the world learned that Elon Musk had invested 2.9 billion dollars on Twitter and that he was now its largest shareholder (9.2% of the shares). The same evening, the boss of Tesla and SpaceX had fun proposing novelties for the social network, when he then had no executive power. One could think that he was “trolling”, as he is used to.
Tuesday, April 5, Parag Agrawal, CEO of Twitter, announces the arrival of Elon Musk to the company’s board of directors. In just 24 hours, Elon Musk went from user to shareholder to leader.
“Important improvements in the coming months”
Parag Agrawal’s announcement is quite surprising. Given the unpredictable side of Elon Musk and the nature of his acquisition (he bought shares through the traditional system, without consulting Twitter), one could have imagined that the management of the social network would be very reluctant upon his arrival. If we all imagined the billionaire multiplying alliances in order to get their hands on the social network one day, no one really imagined Twitter opening the door to his board of directors. Parag Agrawal says he has spoken a lot with Elon Musk in recent weeks and says he appreciates his “criticism” of the social network. In the official document sent to the American authorities, we note all the same that Elon Musk, as a member of the Board, is prohibited from owning more than 14.9% of the company. Twitter is more wary of it than it pretends.
What should we think of this funny takeover? If it can make people smile, it should have significant consequences for the future of Twitter. Elon Musk is already promising “important announcements in the coming months” and could quickly become the man to follow for information on the social network.
In a tweet published a few minutes later, the creator of Twitter, Jack Dorsey, said he was delighted with the arrival of Elon Musk, whom he placed on an equal footing with Parag Agrawal. A new era seems to have begun.