Twitter CEO Parag Agrawal says the company will appoint Tesla and SpaceX CEO Elon Musk to its board amid free speech debate
to its board, expanding the billionaire’s influence during the ongoing debate over lack of free speech on the platform.
Twitter CEO Parag Agrawal tweeted the announcement Tuesday, writing that "Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board." @TwitterCONSERVATIVES CELEBRATE MUSK'S TWITTER STAKE AS ‘WIN’ FOR FREE SPEECH: ‘HEROIC AND PUBLIC SERVING’ "Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!" Musk wrote, responding to Agrawal's tweet.
Twitter Inc. said in a Tuesday SEC filing that the company entered into an agreement with Musk Monday that he will be appointed to the Board of Directors with a term expiring at its 2024 annual meeting of stockholders. Per the agreement, Musk cannot, either alone or as a member of a group, own more than 14.9% of the company’s common stock while serving as a member of the board and for 90 days after.The news comes after Musk purchased a 9.2% stake in Twitter Inc.
Musk, who has 80.5 million Twitter followers as of Tuesday, had published a poll asking if the social media giant adhered to the principles of free speech or if a new platform was needed.
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