Реклама
Elon Musk Joins Twitter Board Of Directors After Buying 9% Stake
8-06-2022, 10:35 | Автор: FRCMaryellen | Категория: Графика
Twitter says it has no plans to reinstate former President Donald Trump's account despite Elon Musk vowing to 'make significant improvements' to the social media platform after becoming the company's largest shareholder and a member of its board of directors.
'Twitter is committed to impartiality in the development and enforcement of its policies and rules,' the company told DailyMail.com on Tuesday. 'Our policy decisions are not determined by the Board or shareholders, and we have no plans to reverse any policy decisions.'
'As always our Board plays an important advisory and feedback role across the entirety of our service. Our day to day operations and decisions are made by Twitter management and employees,' the company added. 
Republican lawmakers and social media users alike have called on the Tesla CEO, who has been highly critical of Twitter and its policies as of late, to restore Trump's privileges after Musk disclosed Monday that he had purchased a 9.2 percent stake in the social media giant on March 14. 
On Tuesday, Twitter announced the tech tycoon was joining the company's board of directors, causing the social media platform's shares to rise over 7 percent in premarket trading and speculation he would try to address what he called the platform's 'failure to adhere to free speech principles' and 'fundamentally undermine democracy'.
Under the terms of the agreement, Musk will serve on Twitter's board of directors until the company's 2024 annual shareholders meeting. So long as he remains a director, the agreement says, Musk cannot own more than 14.9 percent of the company's stock more for as long as he's a board member and for 90 days after.
That means he could not take over the company until well after his term on the board is over.
But anger among conservative social media users first spilled over when Twitter and Facebook permanently suspended Trump's personal accounts early last year following the January 6 attack on the U.S. Capitol. In response to his suspension, Trump launched his own platform, Truth Social, which seemingly mirrors the Twitter interface. 












Conservative author and national security expert Brigitte Gabriel called for Trump's return to the platform on Monday












Errol Webber, a Republican running for a California House seat, argued on Monday that Twitter should 'give everyone who has been banned a second chance,' including Trump
























Republican Study Committee Chair Rep. Jim Banks was among the first elected officials to praise Musk's purchase on Monday
























Pro-Trump Rep. Lauren Boebert on Monday demanded that Musk use his money invested in the company to push for a reversal of Donald Trump's permanent suspension
























Another Trump ally, former Treasury Department official Monica Crowley, also sounded off on Monday

Former Trump Treasury Department official Monica Crowley said: 'He should demand the end of political censorship, company-wide reform, and the reinstatement of President Trump.' 
Republican Study Committee Chair Rep. Jim Banks (R-Ind.) posted on Monday, 'If [Elon Musk] can clean up Twitter and stop online censorship, I'm all for him taking over the whole damn thing.' 
'Will the new majority shareholder return freedom of speech to Twitter?' questioned Rep. Marjorie Taylor Greene (R-Ga.). 'It will require courage [because] the regime is heavily investing in a certain industry and threats will undoubtedly come. Yet the freedom of speech restored will enable us all to defeat them.'
'Great job Elon Musk! Now reinstate President Trump!' author Brigitte Gabriel applauded. 
'Dems & liberal activists groups have spent years co-opting the censorship power of tech billionaires and expressing gratitude to Google and FB execs for censoring their enemies off the internet,' journalist Glenn Greenwald tweeted. 'Now they're petrified a billionaire who won't censor for them may take over Twitter.' 
Musk, who has described himself as a political moderate, has butted heads with the Biden administration in the past and has not shied away from criticizing - and even mocking - President Joe Biden. 
White House Press Secretary Jen Psaki was asked during her Monday press briefing if the billionaire's history with Biden would force the administration to recalibrate its digital strategy, which has so far relied heavily on Twitter. 
'I expect we will continue to use Twitter, as you all will as well, I would expect,' Psaki answered while declining to comment on Musk's ownership specifically.  
Other members of the American public are criticizing the push for Trump's return to the platform, alleging it would contribute to the spread of misinformation and violence.
'If Trump loving Elon Musk's track record is any indication of how he will impact Twitter, we can expect not only Trump back on Twitter but also some of the bigots that have been banned, people spreading deadly misinfo on Covid and worse,' Sirius XM host Dean Obeidallah tweeted Tuesday.





Another user, on Tuesday, alleged that if Musk could make Twitter less old-fashioned, he would have a greater impact on free speech than the former president 'ever did'






Others argued Trump should stay off the platform and instead use his own Truth Social network






Truth Social seemed to be a key point of the anti-Trump chatter online

'If Elon Musk makes twitter a less ideologically homogenous place, that will do more to positively effect free speech on the internet than Trump ever did,' echoed musician Philip Labonte. 
'Why are conservatives asking Elon Musk to bring Trump back to Twitter? I thought they said they were leaving this site for Truth Social,' user @SuperSaiyan95 mocked. 
'With all the MAGAs celebrating the Elon Musk news today because they think he will use his clout to reinstate Trump's twitter account, it suddenly occurred to me that, to them, it will now be Musk's fault every day that he remains banned,' attorney Ron Filipkowski wrote in a seemingly snarky manner. 
'Fun that every Republican celebrating Elon Musk's potential to bring Trump back to Twitter is basically saying that Trump's Truth Social is absolute undeniable utter dog s**t,' Ironbound Films CEO Jeremy Newberger added. 
'I'm really wondering why the "Bring Back Trump" and "Make Twitter Great Again" are trending & why all of these #MAGA folks just don't go to the Trump "Truth" app? Oh that's right, that's just another failure of his that's gone belly-up,' @wilg111 said.
While Musk has not indicated if he plans to bring Trump back to the Twitter-verse, it definitely isn't out of the realm of possibility as the pair share history.
During his presidency, Trump enlisted Musk to serve of his manufacturing council, which included several tech executives including Intel CEO Brian Krzanich, Dell CEO and founder Michael Dell and Ford CEO Michael Fields.
The council also featured Dennis Muilenburg from Boeing, Wendell Weeks from Corning, Jeff Immelt from General Electric and Marillyn Hewson from Lockheed Martin,reported in 2017.
Musk was also a member of the Trump Administration's Strategic and Policy Forum, which advised on economic matters. The Tesla CEO was incredibly public about his involvement with the administration, often writing optimistic tweets about the work officials were doing. 
Despite the apparent friendship and business relationship between the pair, usually-vocal Trump has not yet commented on the Twitter shakeup. 





Twitter stocks have surged since mid-March when Musk purchased his stake 













Musk, who has been critical of Twitter in recent months, said he was excited to make 'significant improvements' to the platform

News of Musk's board seat comes amid allegations he broke SEC rules after missing the ownership-disclosure deadline for his stake in Twitter. 
Musk, who has 80 million Twitter followers, purchased 73.5 million shares of the platform on March 14, worth about $3billion. 
His shares represent a 9.2 percent passive stake in the company, according to the SEC 13G filing obtained by DailyMail.com. This type of filing is reserved for passive investors.
However, the SpaceX CEO has left himself open to penalties of up to $207,183 after he failed to disclose his ownership acquisition within 10 days of acquiring 5 percent of the company, as required by U.S. securities law.
Musk should have disclosed his shares by March 24 but didn't sign the filing until 21 days after his purchase.
He also failed to include a certification indicating he didn't acquire his stake in Twitter to change or influence control of the company, as is typically done when filing a 13G report, T[url=]
 reported.
Instead of including the certification in his form, Musk simply wrote: 'Not applicable'.  
While the civil penalty is a financial slap on the wrist for Musk - the world's richest person with a $302billion net worth, according to Forbes - the entrepreneur could also face charges of market manipulation after his filing triggered a surge in the company's stock value of more than 27 percent.    


















On March 25, Musk tweeted a poll: 'Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?'






Musk on Monday, in an SEC filing obtained by DailyMail.com, disclosed that he bought a 9.2% stake in Twitter Inc. on March 14, making him the social media platform's largest shareholder 





Elon gets to work! Musk asks Twitter users if they would... Stop ignoring my boy Elon! Musk's mother slams Biden and...








Share this article


Share






The federal regulator is also investigating Musk's Nov. 6, 2021, tweet asking his followers whether he should sell 10 percent of his Tesla stake. 
The government agency reached a 2018 deal for Musk to get pre-approval on some of his tweets, following a Musk tweet that he had 'funding secured' to take Tesla private, which the SEC claimed defrauded investors.
Analysts allege the SEC could 'tell a court that he's a recidivist violator of the securities laws and that he needs to be dealt with harshly.'
'Musk is taking real risks here,' said Urska Velikonja, a law professor at Georgetown University Law Center. 
Musk was playing a game with the SEC officials, saying 'Stop me if you can, but you can't,' she said, adding: 'I do suspect the SEC is going to look long and hard into whether they can bring manipulation charges, along with the failure to file.' 
Neither Tesla nor the SEC immediately responded to requests for comments.

















Meanwhile, Truth Social, Trump's struggling social media venture hit more trouble on Monday when it emerged that two tech entrepreneurs had quit and that the platform is only now advertising for an engineer to help build an Android app






To date the former president has only posted on the app once -- the day it launched

And things could be getting worse. The exit of two executives critical to the app-launch efforts could imperil the company's progress as it tries to prove it can compete with mainstream platforms such as Twitter, two people familiar with the company told Reuters. 
'If Josh has left, all bets are off,' a source said of tech chief Adams, calling him the 'brains' behind the platform's technology. 
Another source familiar with the venture said Boozer also had a major leadership role as product chief, running management across technology infrastructure, design and development teams.
Boozer declined to comment and Adams did not respond to a request. Representatives for TMTG and Trump did not respond to requests for comment. 
It is the latest bad news for Trump and his highest-profile business venture since leaving the White House.
Last week an industry analyst said Truth Social was installed only 60,000 per week during the past month.
Elon Musk Joins Twitter Board Of Directors After Buying 9% Stake
Скачать Skymonk по прямой ссылке
Просмотров: 28  |  Комментариев: (0)
Уважаемый посетитель, Вы зашли на сайт kopirki.net как незарегистрированный пользователь.
Мы рекомендуем Вам зарегистрироваться либо войти на сайт под своим именем.