Elon Musk is on board of Twitter

Elon Musk is on board of Twitter

Team Ambitiousbaba are here with a Current Affairs Special Series. In this series, candidates will be introduced to current affairs topics daily, which will not only improve their general awareness but also will ensure that the candidates do not lack in any current affairs topic. Today’s Current Affairs topic is “Elon Musk is on board of Twitter”

Twitter’s CEO Parag Aggrawal informed via public announcement that, Elon Musk will joining Twitter’s Board of Directors. The announcement has been made after a day about disclosing that the Tesla CEO Elon Musk bought 9.2% stake in the social media platform.

Largest share holder of Twitter:

The richest person in the world Elon Musk is the CEO of Tesla and SpaceX, is now going to on board of Twitter. He is the biggest share holder of twitter by owing 9% stake.

Twitter stock soaring after spreading news that he took a 9% stake.

An edit button in Twitter:

Elon Musk shaked things up again after asking on a Twitter poll last night whether users wish an edit button in twitting.

Twitter informed officially that in a regulatory filing on Tuesday it has entered into an agreement with Musk on Monday that Twitter will award the billionaire a seat on its Board with validation of the term till 2024 annual shareholders meeting.

Limitation for Musk:

Elon Musk won’t be granted to buy more than 14.9% of Twitter’s outstanding stock either alone or as a member of a group for as long as he’s a Board member and for 90 days after.

Official tweet of Twitter’s CEO:

Twitter CEO Parag Agrawal informed in a tweet that the company has been talking to Musk in recent weeks and after discussions it became sort out that he would bring great value to twitter’s Board. Even He is passionate believer and acute critic of the service which would be exactly what twitter need on @Twitter. After the boardroom it will make us (twitter) stronger in the long-term.

Elon Musk has 80 million Twitter followers.

Twitter:

Twitter is a microblogging and social networking service provider. It is based in USA.

Founded: 21 March, 2006

Headquarter: San Francisco, California, USA

CEO: Parag Agrawal

 

Question & Answer:

Q1. Twitter CEO Paraga Agrawal named whose to be joined board of Twitter?

Ans. Elon Musk

Q2. How much percent of stake bought by Elon Musk in Twitter recently?

Ans. 9%

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