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Elon Musk will join Twitter's board of directors

One of Twitter's largest critics can now offer input.
Tesla CEO Elon Musk is pictured as he attends the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. - US electric car pioneer Tesla received the go-ahead for its "gigafactory" in Germany on March 4, 2022, paving the way for production to begin shortly after an approval process dogged by delays and setbacks. (Photo by Patrick Pleul / POOL / AFP) (Photo by PATRICK PLEUL/POOL/AFP via Getty Images)
Jon Fingas
Jon Fingas|@jonfingas|April 5, 2022 9:27 AM

Elon Musk isn't just stopping at buying a stake in Twitter — he'll also have a seat at the table. As CNBC reports, Twitter is appointing Musk to the company's board of directors. He'll be of value as both a "passionate believer and intense critic" of the social network, according to chief executive Parag Agrawal.

An SEC filing shows that Musk will serve as a Class II director (that is, not top-tier) with a term that expires at the company's 2024 annual shareholder meeting. The appointment limits the stake Musk can hold. He can't own more than 14.9 percent of common stock during his tenure, and for 90 days afterward.

Twitter co-founder and former CEO Jack Dorsey thought well of the deal. In a response to the news, he believed Musk "cares deeply" about the planet and Twitter. Musk and Agrawal "lead with their hearts," he said.

It's too soon to say how much influence Musk will have as a director. However, he recently blasted Twitter for allegedly falling short of "free speech principles" and asked the social site's users if they want an edit button. He clearly intends to make his presence felt, not to mention thumb his nose at the SEC for its crackdown against his finance-related tweets.

Elon Musk will join Twitter's board of directors