Home Business The Week in Business: Elon Musk’s Newest Venture

The Week in Business: Elon Musk’s Newest Venture


Twitter announced last week that Elon Musk would join its board after he bought a 9.2 percent stake in the company, making him its largest shareholder. Mr. Musk had reached out to Twitter’s chief executive, Parag Agrawal, before buying the company shares to tell Mr. Agrawal that he wanted to discuss improvements to Twitter, people with knowledge of the discussions said. Mr. Musk’s board seat expires in 2024, and he has agreed not to buy more than 14.9 percent of Twitter’s stock. But unlike some other members of Twitter’s board, he did not sign an agreement barring him from influencing the company’s policies. Mr. Musk, who has gotten into trouble for his own tweets, has publicly criticized Twitter for its content moderation policies and advocated open-source algorithms on the platform. He asked his more than 80 million followers last month if they wanted the capacity to edit…

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