Elon Musk Tesla’s CEO is the next class II director. excitement By 2024, that is, will be part of the social network’s board of directorsAccording to a document reviewed by Boundary It has filed with the U.S. Securities and Exchange Commission.

Likewise, Twitter CEO Parag Agrawal confirmed the news in a short thread account.

“Excited to share that we named @Elon Musk for the board! “Through our conversations with Elon over the past few weeks, we have clearly seen that he will add tremendous value to our Board of Directors.”

“He is a passionate believer and an intense critic of exactly the service we need to make us stronger in the long run, both on @Twitter and in the boardroom. Welcome Elon!” he added.

The visionary of Tesla and Space X would also be preparing to close the ranks with the social network’s board of directors. limits to get a larger percentage of the companybecause, according to the document obtained through the above-mentioned ways, no member of the group can have more than 14.9 percent usufruct.

“While Mr. Musk was a member of the Board and for the next 90 days, Mr. Musk, alone or as a member of a group, will not be the beneficial owner of more than 14.9% of the Company’s common stock. unpaid at that date, including economic risk through derivative securities, swaps or hedging transactions for these purposes.

This happens after last Monday, Musk announced that he has bought 9.2% of the shares of the social network.caused the stock market to skyrocket. He also stated on his Twitter account that he will be working with Parag Agrawal to “make it happen”.Important developments on Twitter in the coming months”.

On your own behalf jack trailer, a former Twitter CEO said he was happy to have Musk join the company’s board of directors. “I’m really happy that Elon joined the Twitter board! He cares deeply about our world and Twitter’s role in it. Parag and Elon are leading with their hearts and will make a great team.”

According to this CNBC, Musk’s acquisition could trigger problems with the SEC (Security Exchange Commission for the English abbreviation in the United States). The first complication came after Elon Musk failed to comply with the rule that anyone holding more than 5% stake in the company must go public within the first 10 days. The acquisition took place on March 14, and the first announcement was made on April 4, 21 days later. He would be fined $100,000 for this act.

Musk bought about 73.5 million common shares on Twitter, which was with largest shareholder of the groupIt is ahead of Vanguard mutual funds (8.8%) and Morgan Stanley (8.4%), according to its data. Bloomberg.

At that time, analysts Daniel Ives and John Katsingris, Wednesday, social network management and active purchasing and “Potentially more aggressive in Twitter ownership” position.