Channel 24 has collected the latest news about the participation of Ilona Mask in the leadership of the social network Twitter. Judging from the decisive beginning, the service expects significant changes. And the first of these is the introduction of a tweet edit button.

Elon Musk will join Twitter’s board of directors

Twitter has accepted Ilona Maska to its Board of Directors. This was stated on his page by the current CEO of Parag Agraval. Now the billionaire will be able to make decisions about the work of the social network together with other stakeholders – for example, the introduction of new functions, policy changes and more.

“I am pleased to share that we have appointed Ilona Mask to our board of directors! Discussions with Ilona over the past weeks have proven to be of great benefit to our board. She is both a passionate supporter and a passionate actress. She is on Twitter and on the board to make us stronger in the long run. ardent critic of the service we need. Welcome Elon!”

Today, Musk is one of the company’s largest shareholders – he owns 9.2% of the shares (73.4 million shares). The deal became known on April 4, but the media reported that the businessman began to buy shares in the company on January 31 and ended on March 14. That said, when he asked his subscribers if the social network was democratic enough and if the world needed a new one, he was already one of the owners of Twitter and was not going to create another service from the very beginning.

Buy Twitter completely does not allow

Among other things, it was learned that although Musk is a member of the board of directors, his share in the company cannot exceed 14.9%. In other words, it will not be able to completely buy Twitter and manage it alone.

• The businessman paid less than three billion dollars for his share.
• Once the deal became known, the share price rose sharply: it was worth $38-39 at first and surged to over $50 after the announcement.
• This has enriched Mask himself 15 billion a day.
• The company’s market capitalization has exceeded $40 billion.
• Even with all his wealth, he would have to sell shares of other companies to buy 100% of Twitter.

Musk kicks off: development of tweet editing feature confirmed

And finally, the most important thing. Jay Sullivan, head of Twitter’s consumer department, said the developers were already working on it. A new feature that will allow users to edit posted messages.

“Since last year, we’ve been researching how to build a secure editing feature and plan to start testing it at Twitter Blue Labs in the coming months.”

It is known that testing will begin in the coming months, and the developers are trying to determine which format is best for implementing the long-awaited opportunity. For example, they take into account the time limit at which a message can be edited and the availability of information about what has changed, as is practiced at Facebook today.

It is unclear whether Musk was the “catalyst” that accelerated the introduction of the editing function, or whether his joining the Board of Directors coincided with this event. However, the official Twitter account already confirmedHe said the idea didn’t come from the Mask survey.

According to Jay Sullivan, they’ve been working on the function for a year. Additionally, in 2018, the company’s founder, Jack Dorsey, said that social network management was “considering the possibility of creating an edit button, but this issue requires careful study.”