Twitter improvements that Elon Musk and the board could consider
Tesla, SpaceX and Boring Company CEO Elon Musk has been formally appointed to Twitter’s board of directors as a Class II director until the social media company’s 2024 annual meeting of shareholders. Elon Musk commented on his position on the board, promising “meaningful improvements to Twitter in the months to come”.
Before announcing his inclusion on Twitter’s board, Elon Musk already seemed to be considering some useful changes by asking his followers if they wanted an edit button. However, Twitter was already working on an edit button before Musk tweeted his poll. However, the level of engagement and media coverage regarding Twitter’s potential edit button increased noticeably after Musk’s involvement.
Musk’s Twitter edit button poll is just a taste of what he could bring to the platform now that he’s a board member. The level of attention Musk can give to complaints or issues Twitter users have had with the social media platform could lead to significant changes.
In May 2021, the Pew Research Center surveyed 2,548 Twitter users, asking them to vote on some of the platform’s major issues. Participants pointed to some of the issues as inaccurate or misleading information, harassment and abuse, and Twitter limiting the visibility of certain posts. Elon Musk might consider raising some of the issues at the board. Musk knows some of these issues, thanks to his experience with misinformation surrounding his projects like Tesla.
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Elon Musk alluded to some of the issues mentioned in the Pew Research Center investigation when he was seriously considering investing in Twitter. A few weeks before buying Twitter shares, Elon Musk asked his followers if they thought the platform embraced “free speech as an essential component of a functioning democracy.”
Cathie Wood, founder of ARK Invest and longtime TSLA bull, thinks Elon Musk’s involvement with Twitter could shake up the social media company like it has with so many other companies, including Tesla. “I think it sends a strong signal to the new CEO,” Wood said. Bloomberg. She referred to Twitter CEO Parag Agrawal, who replaced founder Jack Dorsey last November.
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