Elon Musk won’t get special treatment on Twitter despite 9.2% ownership, says Twitter

Elon Musk bought 9.2 percent of Twitter shares for about $3 billion. (Photo: AP)

After Musk disclosed his purchase of a 9.2 percent stake in Twitter this week, the platform’s CEO Parag Agarwal confirmed that Musk will serve as a second class director on the company’s board until 2024.

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  • Last Update:April 06, 2022, 4:28 PM IST
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Micro-blogging platform Twitter has said that after securing a seat on the company’s board of directors, it will not give Tesla CEO Elon Musk special treatment on the platform. In a statement to The Verge, Twitter spokesman Adrian Zamora said the platform is “committed to fairness in the development and enforcement of its policies and rules,” meaning Musk will be subject to the same Twitter rules as everyone else.

In other words, Twitter Can still ban or suspend Musk if needed. About musk Potential impact on the platform, Zamora said while board members aren’t able to make decisions about Twitter’s policies, they play a big role when it comes to providing guidance and feedback.

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“Our policy decisions are not determined by the board or the shareholders,” Zamora was quoted as saying.

“As always our board plays an important advisory and feedback role throughout our service. Our day-to-day operations and decisions are made by Twitter management and staff,” Zamora said.

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After Musk disclosed the purchase of his 9.2 percent stake in Twitter this week, the platform’s CEO Parag Agarwal Confirmed that Musk will serve as a second class director on the company’s board until 2024.

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