• Forums
  • Shop
  • iPhone 13
  • AirPods Deals
  • iPad Deals
  • Best Apple Watch
  1. Home
  2. /
  3. News
Tweet tweet

Twitter adds Elon Musk to its board days after a $2.9 billion stock buy

Twitter CEO Parag Agrawal confirmed the move in a tweet today.
Oliver Haslam
5 Apr 2022

Elon MuskSource: Recode

What you need to know

  • Tesla CEO Elon Musk is now on the board at Twitter.
  • Musk bought almost $3 billion in Twitter stock recently.
  • The Tesla CEO has long been vocal about Twitter and what he believed were free speech issues on the social network.

Twitter CEO Parag Agrawal has confirmed that the company has now added Tesla CEO Elon Musk to its board. The move comes days after he bought almost $3 billion worth of shares in the company.

The announcement came via Twitter — where else? — with Agrawal saying that Musk will "bring great value" to the company's board.

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!

— Parag Agrawal (@paraga) April 5, 2022

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.

Musk recently spent $2.9 billion on Twitter stock in a move that was confirmed yesterday. At the time, analysts suggested that the buy was the precursor to bigger things. Sure enough, 24 hours later, Musk has been added to the Twitter board. The AP reported that Dan Ives of Wedbush Securities was already expecting something similar yesterday.

"We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter," Dan Ives of Wedbush Securities said in a client note early Monday.

It's still too early to tell what this will mean for one of the world's most popular social networks, but given Musk's vocal complaints about the way Twitter handles free speech we can surely expect him to apply pressure — rightly, or wrongly.

Free speech is essential to a functioning democracy.

Do you believe Twitter rigorously adheres to this principle?

— Elon Musk (@elonmusk) March 25, 2022

To that end, Musk has already suggested that he intends to help make "improvements" to Twitter — although what they will be, we will have to wait and see.

Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!

— Elon Musk (@elonmusk) April 5, 2022

Hopefully, those improvements will relate to the company's iPhone, iPad, and Mac apps. Far from the best Mac app for reading tweets, the official Twitter app could definitely use some work.

Beta testers will likely wait until July to get their hands on iOS 16
Waiting game

Beta testers will likely wait until July to get their hands on iOS 16

If all goes according to previous years we can expect Apple to release the first developer beta of iOS 16 on June 6, the same day that it will be announced. That's the date of the WWDC22 opening keynote but those who are part of the public beta program look set to be waiting a little while longer.

Verizon is hiking its wireless prices from June
Going up!

Verizon is hiking its wireless prices from June

Verizon is hiking the price of its wireless plans from June 16 in what it calls an “economic adjustment charge,” according to reports.

Review: Apex Legends Mobile is almost an entirely different game
Good luck have fun

Review: Apex Legends Mobile is almost an entirely different game

Apex Legends Mobile has been in the works for a while, promising players a battle royale experience on the go. While it certainly does deliver on that portable shooter experience, it manages to separate itself from its source — for better or worse.

Lighting is crucial to photos — get the best shot with these portable LEDs
📸 📱 💡

Lighting is crucial to photos — get the best shot with these portable LEDs

Shine a light on your phone’s snapshots with these iPhoneography accessories!

Keep in Touch

Sign up now to get the latest news, deals & more from iMore!

I would like to receive news and offers from other Future brands.

I would like to receive mail from Future partners.

No spam, we promise. You can unsubscribe at any time and we'll never share your details without your permission.

  • News
  • Twitter
  • iPhone
  • iPad
  • Apple Watch
  • Mac
  • Apple TV
  • Reviews
  • How To
  • HomeKit
  • Forums

Other Categories

  • About Us
  • Newsletter
  • Fitness
  • Apps
  • Gaming
  • Deals
  • Advertising Inquiries
  • Licensing and Reprints
  • Accessibility Statement
  • Android Central
  • Windows Central
  • Thrifter
  • TechnoBuffalo
  • MrMobile
Log in or Sign up
  • t
  • f
  • y
  • i
  • r

Brightness

  • © Future US, Inc.
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • About Us
  • Careers
  • Licensing
  • External Links Disclosure
  • Accessibility Statement
  • © Future US, Inc.
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • About Us
  • Careers
  • Licensing
  • External Links Disclosure
  • Accessibility Statement