Elon Musk revolutionizes Twitter. The richest man in the world check out the world's leading information platform and waste no time leaving its mark. The owner of Tesla after having bought 3% of for almost 9,2 billion dollars Twitter (equal to approximately 73,4 million shares) has gone from passionate user to leading shareholder. This is 4 times higher than that of founder and former CEO, Jack Dorsey, which stands at 2,25% according to the Financial Times.
But there are constraints. “The company will welcome Musk to the board as a class 2 director with a deadline set at the 2024 annual meeting with investors – reads the document filed with the Securities and Exchange Commission -. For this period and for the following 90 days, Musk will not be able to acquire more than 14,9% of the company's shares. Twitter stock jumped more than 25% on the news.
Musk revolutionizes Twitter: the edit button is coming
With its 80 million followers, Twitter remains Musk's favorite social network. Not even 48 hours after the announcement of the share package, the Tesla owner wasted no time demonstrating what he means by "bringing significant improvements in the coming months". The South African billionaire's first act results in the button edit for already posted tweets. Elon himself, in his first tweet as a shareholder, asked users if Twitter should have added the long-awaited edit button. 73,4% of that poll said yes.
For the social network of chirps, it has been a debated issue for over 15 years, even become a meme, but which is only now becoming a reality. Jack Dorsey, has always been reluctant to add a feature like that. In 2020, he said Twitter "probably would never" add the feature. But the tide seems to have changed after Parag Agrawal took over the leadership of the social network. On April 1st, the official Twitter account published a post in which it stated that the engineers were working "on an edit button". A statement not really taken as true especially for the timing of the publication of the tweet.
In the coming months and only for the moment for subscribers to TwitterBlue, the company, will insert a specific edit button that will allow these users to edit their message even after having already published the tweet. This will allow users to correct any typos or spelling errors in a tweet without sacrificing replies, retweets or likes already accumulated.
