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Tesla CEO Elon Musk announced “significant improvements” are coming to Twitter after Parag Agrawal, the company’s chief executive, announced they are appointing Musk to the board of directors amid his newfound status as the company’s single largest shareholder.
On Monday, Musk shocked everyone when a Securities and Exchange Commission filing showed that Musk was Twitter’s largest shareholder after he acquired a 9.2 percent stake in the company.
The announcement caused Twitter’s stock to soar 27 percent, as investor confidence was boosted by expectations of Musk’s future involvement in the company. The social media platform has received pushback over the past couple of years over its blatant censorship of conservative voices and Covid-19 content.
Musk has been a constant critic of the platform’s violation of free speech principles, leading to anticipation that he will take further steps to address the issue now that he is the largest shareholder in the company.
Surprisingly, Twitter’s CEO gave a warm welcome to Musk.
Agrawal expressed his excitement Tuesday about the change, writing, “I’m excited to share that we’re appointing @elonmusk to our board!” He explained that following recent conversations with Musk, “It became clear to us that he would bring great value to our Board.”
Former Twitter CEO Jack Dorsey also released a public statement on Twitter’s new partnership with Musk, saying, “I’m really happy Elon is joining the Twitter board! He cares deeply about our world and Twitter’s role in it.” He added, “Parag and Elon both lead with their hearts, and they will be an incredible team.”
Musk replied to Agrawal’s announcement that he would be joining the board, stating, “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”
While Musk has not yet announced what improvements Twitter will be implementing in the coming months, social media users are hopeful that this could mark the end of conservative censorship on Twitter.
Some users have already begun to call on Musk to reinstate the 45th president’s official Twitter account.
Rep. Lauren Boebert, R-Colo., tweeted, “Now that @ElonMusk is Twitter’s largest shareholder, it’s time to lift the political censorship. Oh… and BRING BACK TRUMP!”
President Donald Trump has previously expressed his support and admiration for Elon Musk. At a rally in South Carolina, Trump said, “Elon Musk is a guy that I like and respect.”
Although President Trump has not expressly requested to rejoin Twitter, it would be a strategic advantage for his reelection efforts if Musk were able to persuade the company to reinstate him.