Elon Musk became Twitter's largest shareholder when he bought a $3 billion stake (9.2% of Twitter stock) in the company.
In comparison, Twitter's former CEO Jack Dorsey owns 2.5% of Twitter stock.
Twitter appointed Musk to its board of directors according to a regulatory filing on Tuesday morning.
According to reports, Musk decided to buy Twitter after satire website The Babylon Bee was suspended for a tweet the company didn't like.
Bloomberg reports that the CEO of The Babylon Bee said Elon Musk reached out to him to confirm that The Bee had been suspended from Twitter. During that discussion, Musk suggested that "he might need to buy Twitter."
When Twitter CEO Parag Agwaral welcomed Musk to the Twitter board, the Tesla CEO tweeted: "Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!"
Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!
— Elon Musk (@elonmusk) April 5, 2022
Several Twitter employees walked off the job after Musk joined Twitter's board of directors on Tuesday.
Substack is hiring!
If you’re a Twitter employee who’s considering resigning because you’re worried about Elon Musk pushing for less regulated speech… please do not come work here.
— Lulu Cheng Meservey (@lulumeservey) April 5, 2022
Trump supporters called for Musk to bring back former President Donald Trump who was banned from Twitter in 2020.
Musk joining the Twitter board is the first step in the right direction. Bring back Trump!
— Nigel Farage (@Nigel_Farage) April 5, 2022
I can't wait to start seeing Trump's tweets.
— Uncle Femi's Effect (@tope_femi) April 5, 2022
Elon Musk will certainly bring Trump back to Twitter because if he doesn’t he’s wasted 3 billion dollars.
— First Words (@unscriptedmike) April 5, 2022
If Elon brings Trump and Alex Jones back, his investment in Twitter might 10x overnight ?
— Jordan Schachtel @ dossier.substack.com (@JordanSchachtel) April 4, 2022
Anyone who thinks that Elon Musk would want to bring Trump back to Twitter for any other reason than that it's going to make his newly acquired stake worth much more hasn't been paying attention.
— Rex Zane (@rexzane1) April 5, 2022
Elon's first order of business at Twitter should be reinstating President Trump's account. Then fire all the woke pro-censorship nerds.
— LivePDDave ?? ? ? (@LivePDDave1) April 5, 2022
Elon Musk becoming Twitter’s largest shareholder is a WIN for free speech.
Let’s get President Trump back on Twitter ASAP! FREE SPEECH NOW! @ElonMusk
— Jim Bognet (@Bognet4congress) April 4, 2022