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Elon Musk’s $3 billion investment in Twitter sure got the current employees talking. For those holding shares of Tesla stock, hopefully, they realized Musk’s involvement in the company made them a lot of money in the past couple of days. 

Initially, Musk filed a disclosure document with the Securities and Exchange Committee that identified his intention to be a passive shareholder.  On Tuesday, he sent in a new form to the SEC, and he intends to bring change to the company. 

It’s already been announced he will be on the board of directors, at least until the full annual shareholder’s board meeting in 2024and in that new filing to the SEC, Musk revealed he had begun purchasing Twitter stock at the end of January and did so every trading day through April 1. The purchase prices Musk bought the stock at ranged from $32.80 to $40.

Twitter’s stock price closed at $50.98 on Tuesday. 

Regarding Musk’s board seat, Sandeep Singh of Bloomberg said this. 

“Musk is in a position to influence Twitter’s potential beyond news and live events and could help draw younger users. Though the edit button and removal of bots are some features that Musk has openly advocated for recently, we think board and management changes are likely in the next six months if the company continues to underperform peers.”

Parag Agrawal, the CEO of Twitter, said he is “excited” about Musk joining the board. 

He added this in a tweet. “He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term.”

It will be fun to watch Musk ruffle feathers at Twitter in the next few years. 

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