Elon Musk is one of the most famous entrepreneurs today. He is considered by many to be an authority who contributed to the development of brands such as SpaceX and Tesla. He often uses his Twitter account to communicate with his fans. His activity on this portal has often caused a lot of confusion on the market, especially in terms of fluctuations in cryptocurrency rates. Musk himself sees the enormous potential of Twitter and this is one of the reasons why he decided to buy a large stake of Twitter.
Twitter officially confirmed that the transaction was concluded. In this way, Musk gained a seat on the company's management board and will sit on it at least until 2024. After the transaction, Elon Musk became the largest shareholder of Twitter, as he decided to buy 9.2% of the portal's shares. Musk himself will be able to hold a maximum of 14.9% of Twitter shares until he sits on the company's management board and up to 90 days after his possible departure from the company. In addition, the entrepreneur announced on his Twitter account that he and the rest of the management board are already planning to introduce some improvements to the portal in the coming months. It is possible that one of these features will be the option to edit the tweet.