Elon Musk joins Twitter's board of directors, let the (meme) fun begin

Twitter is appointing Tesla and SpaceX CEO Elon Musk to its board of directors, position can be used for anti-takeover move.

Published Tue, Apr 5 2022 9:08 AM CDT   |   Updated Thu, Apr 28 2022 4:43 AM CDT

Elon Musk is moving at rapid speed into the inner core of Twitter, after news broke that the SpaceX and Tesla founder had purchased a huge 9.2% stake in Twitter.

This gives Musk new powers within the walls of Twitter and their powers that be, with a new filing with the Securities and Exchange Commission (SEC) explaining: "The Company will appoint Mr. Musk to the Company's Board of Directors (the "Board") to serve as a Class II director with a term expiring at the Company's 2024 Annual Meeting of Stockholders".

"For so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company's common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions".

Elon Musk joins Twitter's board of directors, let the (meme) fun begin 05 | TweakTown.com
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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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