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Elon Musk becomes Twitter’s largest shareholder

Elon Musk wastes no time as he is already focused on "bettering" Twitter by asking followers whether they want an "edit" button or not.

Bianca Bassi by Bianca Bassi
2022-04-05 18:00
in News
Elon Musk becomes Twitter's largest shareholder

Elon Musk becomes Twitter's largest shareholder. Image: Twitter @JacaNews

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On Tuesday morning, Twitter announced that Elon Musk will be joining its board of directors after taking a 9.2% passive stake in the social media company.

And the SpaceX and Tesla billionaire certainly wasted no time to “make significant improvements” as he focuses on Twitter’s feature priorities – particularly the lack of an “edit” button.

Elon Musk calls upon all Twitter users

In the early morning hours of Tuesday (SA time), Musk put a poll out on Twitter asking his 80 million followers whether they would want an “edit” button.

And in classic Elon Musk style, his point came strongly across as he deliberately misspelled both the words “yes” and “no”.

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Do you want an edit button?

— Elon Musk (@elonmusk) April 5, 2022

Why the fuss over a simple edit button?

The “edit button” has been one of the most requested features of the social media platform. And in an ideal world, users would then be able to simply clean up typos after publishing tweets.

However, many critics are against the implementation of the button as they forsee the button being “abused” and would allow users to “substantially change the meaning of tweets after they’ve been shared across the platform”.

This is also why Twitter CEO, Parag Agrawal, commented on Musk’s poll, stating how important the consequences of the outcome will be.

The consequences of this poll will be important. Please vote carefully. https://t.co/UDJIvznALB

— Parag Agrawal (@paraga) April 5, 2022

After Musk was appointed to Twitter’s board of directors, the company’s shares rose over 7% in premarket trading. And according to CNBC, Musk’s 9.2% is worth almost $3 billion.

Tags: Elon MuskTwitter
Bianca Bassi

Bianca Bassi

After studying languages and doing a course in digital content and copywriting, Bianca decided to pursue her love for writing and editing full time. Bianca Bassi Muck Rack Profile

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← On today’s episode of 7de Laan: 5 April 2022 – S22 E50270 ← On today’s episode of Legacy: 5 April 2022 – S2 E113
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