Elon Musk turns down Twitter board place however is already suggesting adjustments

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As Twitter’s latest and biggest shareholder, Elon Musk is already floating ideas for adjustments he’d like to peer at the social media platform.

However the tech billionaire has became down a place at the board of Twitter in a last-minute resolution.

Twitter CEO Parag Agrawal showed the billionaire’s withdrawal, announcing that whilst Twitter used to be excited to welcome Mr Musk he had steered “he’s going to now not be becoming a member of the board”.

Elon Musk mentioned Twitter will have to come with an “authentication checkmark” as a function of its Twitter Blue top class subscription carrier. (Patrick Pleul)

This hasn’t stopped Mr Musk from proceeding to signify adjustments he thinks Twitter will have to make.

In a chain of tweets past due on Saturday, the Tesla and SpaceX CEO mentioned that the corporate will have to come with an “authentication check-mark” as a function of its Twitter Blue top class subscription carrier, which prices $2.99 a month.

Twitter provides a check-mark brand subsequent to a person identify when the account has been verified “unique, notable and energetic.”

Mr Musk additionally advised Twitter make the authentication check-marks of top class subscriber accounts other than the ones granted to legitimate accounts belonging to public figures, for instance.

Any such transfer, Mr Musk mentioned, would “hugely increase” the pool of verified person accounts and discourage the proliferation of junk mail “bot” accounts, making them too dear to care for.

Mr Musk additionally shared concepts for a way Twitter will have to price for its subscription club, announcing the cost “will have to be proportionate to affordability and in native forex,” and including: “Perhaps even an way to pay in Doge?” relating to the Dogecoin cryptocurrency.

“And no commercials,” Mr Musk tweeted.

“The facility of companies to dictate coverage is a great deal enhanced if Twitter will depend on promoting cash to live on.”

Just about 90 in step with cent of Twitter’s income in 2021 got here from promoting.

Tesla CEO Elon Musk now has a 9 per cent stake in Twitter and a seat on its corporate board of directors.
Tesla CEO Elon Musk now has a 9 in step with cent stake in Twitter. (AP)

Mr Musk’s newest tweets about Twitter, together with posting polls asking his 81 million fans whether or not Twitter is “loss of life” and whether or not the corporate’s San Francisco headquarters will have to be transformed right into a homeless refuge “since no person presentations up anyway,” adopted a tweet previous within the week asking if he will have to upload an edit button at the platform.

Remaining week, Twitter had disclosed in a regulatory submitting that it entered into an settlement with Mr Musk with the time period because of expire at its 2024 annual shareholders assembly.


Musk cracks ‘stratospheric’ US$300 billion barrier

The transfer got here an afternoon after it used to be disclosed that Mr Musk took a 9 in step with cent stake within the corporate.

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