Elon Musk Met With The SEC
Elon Musk met with the SEC. Elon Musk, CEO of Tesla, began to stand out more and more on Twitter.
In his statement to the
SEC, Elon Musk stated that he could meet with Twitter management on issues including management and strategy. This means that Musk can influence the decisions taken or to be taken by the Twitter management. In addition, Musk also stated that he may buy more Twitter shares.
Musk, who became the largest shareholder of Twitter with his purchase, was taken to the board of directors, but later gave up on entering the board. Twitter CEO Parag Agrawal announced this morning that the successful entrepreneur has given up on joining the board. While Agrawal did not specify any reason, he noted that they would be open to Musk's entrance to the board from now on.
Just before
Musk became its largest shareholder, he brought some criticism to Twitter. Among them was that Twitter restricts freedom of expression and its algorithm is not open source. After buying shares, he made suggestions such as lowering the fee of Blue, the paid service of Twitter, and offering the option to pay with Dogecoin.