Twitter still has the right to ban Elon Musk, but does it matter?

Twitter says that, embora Elon Musk With his active participation in the company and his position on the company’s board of directors, he does not have the power to influence its policy decisions and day-to-day operations. The CEO of Tesla and SpaceX made no bones about his dissatisfaction with the moderation policies of the popular social media site known as Twitter. Before buying ownership of the company, Musk even considered publicly investing in a new social media site that meets his criteria. This isn’t the first time wealthy corporations have used their actions to prevent or suppress corporate policies — former US President Donald Trump has denied his resources to create Social Truth, an alternative social media created after Trump’s approval.

Musk revealed in May of a filing with the US Mobile Values ​​Commission (SEC) on second Friday, April 4, 2022, that it bought 73,486,938 shares of Twitter, the equivalent of a 9.2% share of the company. Your net worth is listed as passive inheritance but can be converted to active inheritance later on. Since Musk owns nearly 10% of Twitter, it’s reasonable that his influence in the company will be significant.

Meanwhile, a statement on Twitter tried to allay speculation that Musk might be twisting company policies to appeal to them. Following Musk’s confirmation of the purchase of Twitter’s ownership, the company’s current CEO, Parag Agrawal, announced that Musk will also serve as a Class II member of its board. Is it tempting to ask how much influence he will have on our business processes, given that Musk has the most personal participation in the company and is now one of the two directors of the social media platform? †Our political decisions are not made by the Board of Directors or shareholders,Adrian Zamora said on Twitter borda† †As always, our board of directors plays an important role in providing advice and feedback during our service. Our day-to-day operations and decisions are made by Twitter’s administration and staff.The statement suggests that while Musk has made his comments about Twitter’s policies public, the platform’s terms of service will likely remain the same for a while.

The company states that even as a partial owner, Musk will not be happy with its terms of service and other policies. Twitter is “Committed to developing and applying their policies and rules fairlyZamora added. That said, it’s hard to imagine the company’s policies applying to Musk as much as a regular user. Musk has never been sympathetic to his commitment to various stakeholders, from his involvement in the auto market to aerospace. Vision remains silent. With significant participation on Twitter, it’s not clear how he will try to implement his vision in practice.

There is heated debate over Musk’s intention to buy an active stake on Twitter, and there are abstract theories about his plans to own the company. Musk is the richest man in the world – in all of human history – according to Forbes Relatively speaking, this means that the tech giant has the capital to invest in a range of companies. That he chose to buy stock on Twitter, a company he criticized publicly, should not be taken as a coincidence. Embora, the social media site, is trying to allay speculation about Musk’s ability to influence his cotidian policies and activities, the power he is currently in charge cannot be ignored. as director, Almiscar Responsible for assessing business leaders and evaluating business performance.

source: board Forbes

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