BYDAS Digital Agency

Insights

Communication and Technology news

Elon Musk’s appointment to Twitter’s board restricts his influence — for now

05/04/2022

Elon Musk’s arrival on Twitter’s board has sparked both hopes and fears about the platform’s future, but his appointment has constrained his power — for now. Musk has agreed to cap his Twitter stake at 14.9% during his stint on the board and for 90 days thereafter. His term is set to end in 2024. The Tesla...
Elon Musk’s arrival on Twitter’s has sparked both hopes and fears about the platform’s future, but his appointment has constrained his power — for now. Musk has agreed to cap his Twitter stake at 14.9% during his stint on the and for 90 days thereafter. His term is set to end in 2024. The Tesla tycoon’s existing 9.2% stake makes him the platform’s largest shareholder. If he wants to push it over 14.9%, he will have to relinquish his seat. The restriction applies to Musk as either the sole owner or as a member of a group —…This story continues at The Next WebOr just read more coverage about: Twitter
boardelonmusk’sappointmenttwitter’s

Need a profissional and scalable solution for seriuos e-Commerce business?

Learn More about Shopify Plus