Monday, October 6, 2025

Latest

Elon Musk Appointed to Twitter Board of Directors

Merely a day after taking a major stake in the company, Tesla (NASDAQ: TSLA) CEO Elon Musk will now join Twitter’s (NYSE: TWTR) board of directors, with promises to make “significant improvements” to the social media platform.

According to an 8-K filing published with the SEC, Musk will serve as a Class II director at Twitter until 2024, and he cannot own more than 14.9% of the social media company during his term. The latest news come one day after the SEC revealed Musk bought 73,486,938 shares of Twitter, amounting to a 9.2% passive stake in the company valued at around $2.89 billion.

The major purchase comes several weeks after the Tesla CEO criticized Twitter for overreaching censorship, and rhetorically prompting his audience of more than 80 million followers to devise suggestions to make the platform more free speech-friendly.


Information for this briefing was found via the SEC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Wall Street Banks Offload Last Of $13B Twitter Debt

A consortium of Wall Street banks has sold the final portion of debt tied to...

Tuesday, April 29, 2025, 03:41:00 PM

Elon Musk Needs Israel’s Approval to Operate Starlink in Gaza

SpaceX CEO Elon Musk was informed during his recent visit to Israel that his Starlink...

Tuesday, November 28, 2023, 06:40:00 AM

MrBeast Takes Elon Musk Up On His Offer, Posts First X Video ‘To Test’ Ad Revenue

YouTube megastar MrBeast, also known as Jimmy Donaldson, uploaded a video directly on Elon Musk’s...

Tuesday, January 16, 2024, 11:07:00 AM

Twitter Has Started Handing Out $8 Blue Checkmarks And The Results Have Been Spectacular

Musk-era Twitter started rolling out the $8 subscription for the blue checkmarks on Wednesday. The...

Thursday, November 10, 2022, 03:40:00 PM

Twitter v. Elon Musk: We Read It So You Don’t Have To

Tweets and memes as court evidences, a peek behind the boardroom negotiations, and a tussle...

Thursday, July 14, 2022, 01:26:00 PM