On Tuesday morning, Twitter announced the appointment of Tesla and SpaceX founder and CEO Elon Musk has been to the social media platform’s board.
"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," wrote Twitter CEO Parag Agrawal in a tweet.
Responding to Agrawal, Musk said he is "looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!"
According to Market Watch, Musk's term on the board will expire in 2024.
The news came following the revelation that Musk has become one of the largest shareholders in Twitter after a filing with the Security and Exchange Commission showed that he now holds 9.2 percent of a stake in the company.
12 hours before the announcement of his board position was made, Musk was already users on the platform about the potential to add an edit button to Twitter, a feature that posts do not possess unlike other fellow social media platform Facebook.
In recent weeks, it had been rumored that Musk would start his own alternative to Twitter, asking in a March 25 poll, "Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?"
"The consequences of this poll will be important. Please vote carefully," he added.
The following day, Musk said he was giving "serious thought" to building a new social media platform, in a response to a tweet requesting one with an open source algorithm and having free speech as a top priority.
This is a breaking story and will be updated.
Join and support independent free thinkers!
We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.
Remind me in September