Elon Musk | Parag Agrawal: Twitter CEO Parag Agrawal welcomes Elon Musk to company’s board; says he will add great value

Chennai: Parag Agrawal, CEO of the microblogging platform Twitter on Tuesday welcomed Tesla Inc prime government Elon Musk on its board, a day after Musk disclosed a 9.2% stake in Twitter.

“I am excited to share that we’re appointing Elon Musk to our board! By way of conversations with Elon in current weeks, it grew to become clear to us that he would convey nice worth to our Board,” Agrawal tweeted.

He went on so as to add that Musk is a passionate believer and intense critic of the service which he mentioned was precisely what Twitter wanted. Musk on his half responded to Agrawal’s tweets by saying that he regarded ahead to working with Parag and Twitter to make “vital enhancements” on the platform within the coming months.

Co-founder and former CEO of Twitter Jack Dorsey too tweeted about how he was blissful about Musk becoming a member of the Twitter board! “He cares deeply about our world and Twitter’s function in it. Parag and Elon each lead with their hearts, and they are going to be an unimaginable group,” Dorsey mentioned in his tweet.

Twitter in an SEC submitting on Tuesday mentioned that it had appointed Elon Musk to the Firm’s Board of Administrators to function a Class II director with a time period expiring on the Firm’s 2024 Annual Assembly of Stockholders. It additionally mentioned that for as long as Musk is on the Board and for 90 days thereafter, he won’t, both alone or as a member of a gaggle, grow to be the helpful proprietor of greater than 14.9% of the corporate’s widespread inventory excellent at such time, together with for these functions financial publicity via by-product securities, swaps, or hedging transactions.

Earlier on Tuesday morning, Musk had began a Twitter ballot asking customers in the event that they needed the microblogging platform to have an edit button. Responding to the ballot, Agrawal urged customers to vote rigorously as he mentioned the results of the ballot could be essential.

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