Elon Musk Refuses Twitter Board Seat; People Say This Is Bullish For Free Speech

As we revealed not too long ago, Elon Musk just become the biggest shareholder at Twitter. He reportedly bought a $3 billion stake (9.2%) and the Internet is going crazy with excitement.

Twitter is currently celebrating the great news and there are all kinds of juicy posts about this.

Elon Musk has already made ~$750 million on his Twitter trade, which is approximately double Twitter’s net income for the last 3 years.

— Ben Thompson (@benthompson) April 4, 2022

Now, it seems that Musk is also appointed to the Twitter board.

I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.

— Parag Agrawal (@paraga) April 5, 2022

Check out Musk’s answer to this important move:

Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!

— Elon Musk (@elonmusk) April 5, 2022

Musk did not take a board seat and people are talking about this on Twitter.

Check out someone’s opinion about this:

Elon Musk not taking a board seat is bullish for free speech coming back to Twitter.

The board seat was a proposed tactic by Twitter’s current execs & board to curb his influence (limiting his maximum shares to 14.9%).

Musk can now pursue a hostile takeover if he so chooses.

— Jordan Schachtel @ dossier.substack.com (@JordanSchachtel) April 11, 2022

The same person continued and said: “IMO this process is already happening. Shareholders don’t care about the woke stuff. And given Elon’s record of making shareholders rich, wouldn’t be surprised to see SJW panic in Twitter exec world right now.” Stay tuned for more news.