Friday, June 9, 2023
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Appointment

Elon Musk steps down from joining Twitter’s board of directors

Tech Gist Africa by Tech Gist Africa
04/13/2022
in Appointment, Social media, World News
0 0
0
Elon Musk Tech News

Elon Musk Tech News

0
SHARES
Share on FacebookShare on Twitter

Elon Musk, the CEO of Tesla, announced that he had canceled his plans to join the Twitter board of directors just as his term was about to begin. 

Musk disclosed last week that he had taken a board seat at Twitter, despite claiming to be a passive investor in a regulatory filing he had filed the day before. 

The reason for the reversal was not disclosed by Musk or Twitter. Even if he has no plans to do so at this time, Musk stated in a regulatory filing on Monday that he might now expand his 9.1 percent holding in Twitter or press the firm to seek mergers. 

In afternoon trading in New York on Monday, Twitter shares were up 2.6 percent at $47.48. They’ve risen by more than 20% after Musk revealed his Twitter investment on April 4.

According to Wall Street experts, Musk’s engagement drew a large number of ordinary investors to the company. 

Musk’s reversal, according to Jacob Frenkel, a former enforcement attorney at the US Securities and Exchange Commission (SEC), was unusual but did not appear to break any rules. 

Musk’s compliance with his agreement with the SEC has also been questioned by securities professionals. Musk announced on Twitter in early November that if users approved, he would sell 10% of his Tesla stock.

The poll resulted in a majority of people saying yes, and Tesla stock plummeted as a result.

Tesla shares have since been sold for $16.4 billion by Musk. 

Following Musk’s appointment to the board of directors last week, several Twitter employees were concerned about the company’s ability to filter material.

 

Read more on Tech Gist Africa:

Elon Musk will join the board of directors of Twitter

Jack Dorsey, co-founder and CEO of Twitter, is stepping down as the company’s CEO

JD.com Founder Richard Liu the latest tech Billionaire to resign as CEO

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Apple WWDC23 Tim Cook
Events

Here is everything Apple unveiled at WWDC 2023

by Tech Gist Africa
06/07/2023
0

Apple's biggest and most anticipated Worldwide Developers Conference (WWDC) ever commenced with a revolutionary keynote at Apple Park, which was...

Read more
Microsoft

Microsoft will pay a $20 million fine for violating the privacy of children

06/07/2023
Amazon

Amazon will pay the FTC over $30 million to address privacy concerns with Alexa and Ring

06/07/2023
META Quest 3

Meta has unveiled its Quest 3 virtual reality (VR) and mixed reality (MR) headset

06/05/2023
Neuralink Elon Musk

Neuralink, Elon Musk’s brain implant company, has received FDA approval to begin human clinical trials

06/01/2023
Next Post
Didi Chuxing

Didi, a Chinese ride-hailing company, has closed its South African operations

Visa

Visa Launches Africa's First Innovation center to Advance Future Payment Solutions 

Algebra ventures Egypt

The International Finance Corporation (IFC) invests $15 million in 'Algebra Ventures' to help Egyptian tech startups

No Result
View All Result

The Big 5

African Banker Awards 2023

The winners of the African Banker Awards for 2023 have been announced

by Tech Gist Africa
06/01/2023
0

...

Egypt Entrepreneur Awards 2023

The third annual Egypt Entrepreneur Awards selected 35 finalists

by Tech Gist Africa
06/01/2023
0

...

ygap South Africa’s accelerator 2023

The ygap South African Accelerator program is now accepting applications

by Tech Gist Africa
06/01/2023
0

...

Regulatory Tech Africa

Analyzing the regulatory climate in several African countries from the perspective of the technology sector

by Tech Gist Africa
05/22/2023
0

...

Africa Food Prize

The $100,000 Africa Food Prize is now accepting applications

by Tech Gist Africa
05/18/2023
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.