ELON MUSK AND TWITTER HISTORY CONTINUES
By: JJosephaNews
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Twitter: @JJosephaNews
Willemstad, Curacao. Elon Musk and Twitter have always had a tumultuous relationship. With Musk now owning a 9.2 percent investment in Twitter and a seat on the board of directors, that's unlikely to change.
ELON MUSK AND TWITTER
The stake is worth more than $3 billion, according to a regulatory document released on Monday. To put things in perspective, Twitter co-founder and former CEO Jack Dorsey owns slightly over 2% of the company, and Dorsey, who stepped down as CEO in November 2021, will leave the board when his term ends in May.
Musk's term on the board of directors will run until 2024, according to a second regulatory filing, making him a more prominent player within Twitter than Dorsey in the future. “Looking forward to working with (Twitter CEO Parag Agrawal) & Twitter board to make significant improvements to Twitter in coming months!” Musk sent out a tweet on Tuesday.
THE HATE LOVE RELATIONSHIP BETWEEN ELON MUSK AND TWITTER
Musk accused the company of “failing to adhere to free speech principles” in a March 26 tweet, and claimed he was “serious thought” creating his own social media network. According to a regulatory filing with the Securities and Exchange Commission, Musk purchased his Twitter stock on March 14, making him the platform's largest outside shareholder when he publicly chastised it. The social networking company's stock rose 27% on Monday and continued to rise after Musk's appointment to the board of directors was revealed on Tuesday.
ABOUT TWITTER
Twitter is a microblogging and social networking website based in the United States that allows users to send and receive messages known as "tweets." Unregistered users can only read tweets that are publicly visible, while registered users can write, like, and retweet them. Twitter is accessed by browser or mobile frontend applications, as well as programmatically through its APIs. Prior to April 2020, services could only be accessed through SMS.
Twitter, Inc., a company established in San Francisco, California with more than 25 offices around the world. Tweets were initially limited to 140 characters, but in November 2017, the limit was raised to 280 characters for non-CJK languages. Most accounts still limit audio and video tweets to 140 seconds. In March 2006, Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams founded Twitter, which premiered in July of that year.
In 2012, the service handled an average of 1.6 billion search queries per day, with more than 100 million users posting 340 million tweets per day. It was one of the top ten most-visited websites in 2013 and has been dubbed "the Internet's SMS." In the first quarter of 2019, Twitter had over 330 million monthly active users. In practice, only a small percentage of people write the majority of tweets.
ABOUT ELON MUSK
Elon Reeve Musk is a business magnate, entrepreneur, and investor. He is the co-founder of Neuralink and OpenAI, as well as the founder, CEO, and Chief Engineer of SpaceX. He is also an early-stage investor, CEO, and Product Architect of Tesla, Inc., and the founder of The Boring Company. Musk is the world's wealthiest individual, according to both the Bloomberg Billionaires Index and the Forbes real-time billionaires list, with an estimated net worth of roughly US$270 billion as of March 2022.
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