Elon Musk joins Board of directors team of Twitter

Tesla and SpaceX founder Elon Musk will join the board of directors of social media platform Twitter. 

Twitter furnished this information on Tuesday, a day after Musk’s 9% stake in Twitter surfaced. Musk will remain as Class II director until the 2024 annual meeting of stockholders. After this news, the shares of Twitter are seeing a rise.

Twitter CEO Parag Agarwal tweeted, “I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.”

“He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term. Welcome Elon!,” he added.

Elon was quick to respond to Parag’s tweet.

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