Twitter Is Appointing Elon Musk to the Board

Twitter-Is-Appointing-Elon-Musk-to-the-Board

Overview

Elon Musk, the CEO of Tesla and SpaceX, has been appointed to Twitter’s board of directors, CNBC reports.

It’s not clear how much Musk spent on shares or if he’s a major stakeholder, but the appointment is notable because Musk is an active user on Twitter. His @elonmusk account has nearly 30 million followers — although he can be erratic at times.

Musk joins Twitter’s other board members: Patrick Pichette (former Google CFO), Peter Currie, Martha Lane Fox (founder of LastMinute.com), Omid Kordestani (Google executive), Debra Lee (CEO of BET), David Rosenblatt (Groupon CEO) and Jack Dorsey (Twitter CEO).

It’s a good day for Twitter, and not just because the company is no longer in the red. According to CNBC, the social networking site has appointed Elon Musk to its board of directors.

Twitter-Is-Appointing-Elon-Musk-to-the-Board
Twitter Is Appointing Elon Musk to the Board

Musk isn’t just buying shares in Twitter – he’ll also have a seat at the table. The move will allow Musk to give his input on Twitter’s future, which is especially interesting considering that Tesla Motors and SolarCity, two companies he helms, are active users of the service.

The move comes on the heels of Twitter’s announcement that it is buying TellApart , a company that helps e-commerce sites target their customers with ads based on what they’ve bought in the past.

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