Elon Musk Twitter tweets

Elon Musk, the world's wealthiest man and the largest shareholder of Twitter, will no longer be joining the social media firm's board, CEO Parag Agrawal ...

You can select 'Manage settings' for more information and to manage your choices. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Click here to find out more about our partners. - Information about your device and internet connection, including your IP address

Elon Musk's revolving-door trip through Twitter's boardroom raises two obvious but so far unanswerable questions: what changed? And what happens next?

There is a world where Musk buys way more Twitter stock; he is no longer bound by an agreement with the board to cap his investment below 15 percent of shares. Finally, there is a world where Musk maintains the size of his Twitter position but continuously tweets edgelord content about how bad Twitter is, along with memes about how everyone should tweet 69 times on 4/20, or whatever. This is what former Microsoft CEO Steve Ballmer did after acquiring 4 percent of Twitter a few years back; afterward he admitted the experience of owning Twitter shares was so bad that he stopped investing in individual stocks altogether. As a board member Musk would have had to represent the interests of the common shareholder, or at the very least not spooked the markets by tweeting things like “ Is Twitter dying?” And I imagine it became clear to him over the past few days that this would be an actual ongoing legal obligation, and would absolutely not be any fun, and that was that. It is incredible because of all the Musk-related material that exists already in the foreground: smoking weed on Joe Rogan’s podcast, mocking the use of alternative pronouns, having a secret baby with Grimes, the fact that Tesla is now the subject of the largest racial discrimination lawsuit ever brought by California. A background check was going to turn up … what, exactly? But if you want to imagine that rational self-interest played any part in the events of this weekend you would probably assume it was the specter of ramped-up enforcements of one sort or another.) the decision not to use its company headquarters as a homeless shelter. At this point it seems fairly clear that Musk does not care about saving $156 million on a purchase, but also it seems like something the SEC will definitely investigate and potentially fine him over. And given the various other things the SEC is currently investigating him over, Musk had all the more reason not to put himself into a position where he would continuously be flouting their rules. Last week folks like me spent a lot of time writing about Elon Musk becoming Twitter’s largest shareholder, taking a board seat, and generally throwing the company’s future into uncertainty. We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance. But you can know you’re dealing with a top-tier chaos muppet and still find yourself unprepared for the next turn of events.

Elon Musk and Tesla have millions of vocal fans on Twitter. Not all of them are real. Two researchers are trying to figure out who controls the bots.

One big unknown: whether the bots are the work of entities with a direct financial interest in Tesla. It can’t be just a bunch of tweets that push the stock. Of 157,000 tweets posted to the hashtag #TSLA, 23% were from bots, the research showed. Using a software program called Botometer that social media researchers use to distinguish bot accounts from human accounts, the pair found that a fifth of the volume of tweets about Tesla were bot-generated. If so, the legal and ethical questions will become more salient. After buying nearly 10% of Twitter last month, Musk announced that he’d be joining the board, but Twitter revealed Monday that he’d changed his mind for unspecified reasons. Operational results can’t justify anything close to the company’s $1-trillion market value, based on any kind of traditional stock-pricing metric. With more than 500 million tweets sent per day across the network, that output represents a drop in the ocean. The periods around bot creation showed sharp increases, but outside those windows, trading was far more volatile, Chowdhury said. “This isn’t a causal relationship, but it does raise questions,” Kirsch said, about why there’s a correlation that does not appear to be random. “The Tesla narrative is extraordinarily powerful,” Kirsch said. At a certain point, it does become self-fulfilling.”

Elon Musk rejected Twitter Inc's offer to join its board, an abrupt turn even as he suggested ideas in a barrage of tweets ranging from removing ...

Musk has since challenged an agreement he entered into with the SEC for some of his tweets to be vetted by a lawyer. Securities experts have also questioned Musk's compliance with his arrangement with the SEC. In early November, Musk posted on Twitter that he would offload 10% of his Tesla stake if users approved. The tweets ranged from a call to remove advertising on Twitter to dropping the letter "w" in the social media company's name. However, Twitter Chief Executive Parag Agrawal warned Twitter employees in a tweet on Sunday of "distractions ahead," a possible reference to Musk's criticism of the company through tweets. In announcing the development, Twitter disclosed no shareholder rights plan, known as a "poison pill," that would force dilution if Musk tried to raise his stake above a certain threshold. Musk said in a regulatory filing on Monday he could now increase his 9.1% stake in Twitter or push the company to pursue transactions, even though he has no such plans at this time.

Twitter CEO Parag Agrawal tweeted the news, which followed a weekend of Musk tweets suggesting possible changes to Twitter, including making the site ad-free.

Musk and Tesla in 2018 agreed to pay $40 million in civil fines and for Musk to have his tweets approved by a corporate lawyer after he tweeted about having the money to take Tesla private at $420 per share. But it, “believed having Elon as a fiduciary of the company, where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward,” he wrote. He’s also been locked in a long-running dispute with the U.S. Securities and Exchange Commission over his Twitter activity. He said the board understood the risks of having Musk as a member. The explorer filed a defamation suit, although a Los Angeles jury later cleared Musk. “I believe this is for the best.”

Twitter's largest investor, billionaire Elon Musk, is reversing course and will no longer join the company's board of directors less than a week after being ...

But at the time it “believed having Elon as a fiduciary of the company, where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward," he wrote. He’s also been locked in a long-running dispute with the SEC over his Twitter activity. Twitter's CEO and and many of its board members had publicly praised Musk last week, suggesting they might take his ideas seriously. “He could probably launch that with his current 9% stake and potentially be very successful.” It was just a week ago that regulatory filings revealed Musk had swiftly amassed a slightly bigger than 9% stake in the social media platform. Musk and Tesla in 2018 agreed to pay $40 million in civil fines and for Musk to have his tweets approved by a corporate lawyer after he tweeted about having the money to take Tesla private at $420 per share. He added that he may express his views “through social media or other channels.” He said the board understood the risks of having Musk, who is now the company's largest individual shareholder, as a member. The explorer filed a defamation suit, although a Los Angeles jury later cleared Musk. “I believe this is for the best.” The mercurial billionaire had been buying shares in almost daily batches starting Jan. 31. Nearly 90% of Twitter's 2021 revenue came from ads.

Tesla CEO and Twitter's largest shareholder 'liked' a tweet suggesting he was 'told to play nice and not speak freely.'

- Opinion: Eat the Rich? They’re Not Even Filling - Opinion: The Right’s Russia Temptation You may cancel your subscription at anytime by calling Customer Service.

Tesla CEO Elon Musk, who recently bought a large stake in Twitter, has decided not to join the social media company's board.

In recent weeks, Musk had suggested on Twitter that the platform does not allow free enough speech, and said it should make its algorithm open source. It's not entirely clear what improvements Musk had in mind. Musk recently disclosed he had purchased a more than 9% stake in Twitter, making him the company's largest shareholder.

Elon Musk has a significant ownership stake in Twitter, but what's next? First Twitter said Musk would take a seat on its board of directors, ...

The company announced Musk would take a seat on its board of directors, but within the space of a week, that plan unraveled, and Musk informed the board he will not accept the position. After a tumultuous week, Twitter CEO Parag Agrawal announced that Musk declined the board seat, which would release the world’s richest human from his commitment to not acquire more than 14.9 percent of the company’s shares. The company also clarified that a board seat would not exempt Musk from its moderation policies.

Since revealing his stake in Twitter, Musk has tweeted thoughts on an edit button and the company accepting Dogecoin.

Some Twitter employees had feared Musk’s board appointment would hurt the company’s culture. Musk later refiled his disclosure to classify himself as an active investor. That’s a move his extraordinary wealth comfortably enables him to do. On Saturday morning—the same day that, Agrawal suggests, Musk turned down the board seat—Musk tweeted “Is Twitter dying?” and noted that several of the most followed Twitter accounts “tweet rarely and post very little content.” By turning down the appointment, Musk is now free to expand his stake in Twitter. If Musk had accepted the seat on Twitter's board, he would have been limited to a maximum stake of 14.9% in the company. In an announcement on late on Sunday U.S. time, revealed that the Tesla CEO has turned down an invitation to join the company’s board.

The social media company said the billionaire Tesla CEO changed his mind about accepting a board seat after becoming Twitter's biggest shareholder.

You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. NPR’s sites use cookies, similar tracking and storage technologies, and information about the device you use to access our sites (together, “cookies”) to enhance your viewing, listening and user experience, personalize content, personalize messages from NPR’s sponsors, provide social media features, and analyze NPR’s traffic.