Elon Musk asks Twitter users to vote on changes to the site after becoming largest shareholder

Twitter CEO Parag Agarwal cautions users to ‘vote carefully’

Stuti Mishra
Tuesday 05 April 2022 15:01
Comments
<p>On Monday, Elon Musk disclosed a 9.2 per cent stake in the company worth nearly $3bn, making him the largest shareholder</p>

On Monday, Elon Musk disclosed a 9.2 per cent stake in the company worth nearly $3bn, making him the largest shareholder

Tesla CEO Elon Musk, who has bought a multibillion-dollar stake in Twitter, has begun asking users what changes they would like to see on the site.

“Do you want an edit button?” he wrote on Twitter late on Monday, asking people to vote yes or no.

Twitter users have for years asked for an edit button as the platform does not allow any changes after a tweet is posted.

The poll came just hours after he disclosed a 9.2 per cent stake in the company, worth nearly $3bn, making him the site’s largest shareholder and triggering a rise of more than 27 per cent in the company’s shares.

According to a Securities and Exchange Commission filing published on Monday, Musk owns 73,486,938 Twitter shares.

Reacting to the poll, Twitter’s chief executive officer Parag Agarwal cautioned users to “vote carefully”.

“The consequences of this poll will be important. Please vote carefully,” Mr Agarwal said, repeating Musk’s statement from a few days ago when he first began questioning Twitter’s commitment to free speech.

Mr Musk is one of Twitter’s most popular users, with more than 80 million followers. He is also particularly prolific, using his account to share memes as well as update on his life and his companies.

Those tweets have however caused problems for Mr Musk in the past. In 2018, for instance, he tweeted that Tesla would go private – starting a period that saw him investigated by the SEC as well as the loss of his position as chair of the company.

In recent weeks, Mr Musk has used his account to post about Twitter itself, and the rules that govern it.

On 24 March, he tweeted about being “worried about de facto bias in ‘the Twitter algorithm’ having a major effect on public discourse”, and shared a poll inviting his followers to vote on whether that algorithm should be open source.

A day later, he tweeted that “free speech is essential to a functioning democracy”, and polled his followers on whether they thought “Twitter rigorously adheres to this principle”. After 70.4 per cent of respondents voted that it did not, he asked followers “what should be done?”

He had at that time urged users to vote “carefully” as the “consequences of this poll will be important”.

Musk, however, bought his Twitter shares before those posts – filings with the SEC indicate the purchase happened on 14 March – though they were only disclosed on Monday.

The billionaire has posted several Twitter polls in the past and has been very vocal on Twitter.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in