One of the most followed people on Twitter Elon Musk It had become Twitter’s largest shareholder in recent weeks.
Elon Musk for those who missed it, recently on Twitter 9.2 percent and became the company’s largest shareholder. Musk, who has more than 81 million followers on Twitter, is the case on exactly this issue. was done. This lawsuit was filed because, according to the information received, Musk did not notify the US Securities and Exchange Commission (SEC) when collecting his Twitter shares from the stock market, and thus fully 156 million dollars as much as one ill-gotten gain achieved. That’s why, and over other damages, some Twitter shareholders have started a legal action against Musk. It is not known how this will result, but it is reported that a large penalty may result from the process. Musk continues to get in trouble with the SEC via Twitter.
Elon Musk before that Twitter’s board was not particularly on the agenda. Musk joined the company’s board of directors after becoming the largest shareholder. The famous name in this regard “I look forward to working with Parag & Twitter’s board to make significant improvements to Twitter in the coming months!” he said. CEO for the process Agrawal if “Through conversations with Elon over the past few weeks, we have clearly seen that he will add great value to our Board of Directors.” he said.
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Making a statement on this twitterdespite being included on Musk’s board of directors will not receive special treatment announced. However, this process Canceled at Elon Musk’s own request. According to the Twitter CEO, Musk reached out to them and stated that he did not want to be on the board.
We have always valued and will value the feedback/suggestions of our shareholders, whether they are on our board of directors or not. Parag Agrawal, “Elon is our largest shareholder and we will be open to his contributions.” he said.