In a piece titled “Twitter shares jump after Elon Musk takes board seat,” CNBC writer Sam Shead noted the following as “Key Points.”
- The rise comes hot on the heels of Twitter’s best day of trading since its IPO in 2013, with shares surging over 27% on Monday.
- ‘Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,’ Twitter CEO Parag Agrawal said in a tweet.
- Musk replied saying he was looking forward to working with Agrawal and the Twitter board to make “significant improvements” to the platform.
Mr Shead went on to write that “Twitter shares rose over 7% Tuesday in premarket trading after Elon Musk was appointed to the company’s board of directors ….”
Elsewhere, New York Post contributors Theo Want and Ariel Zilber reported that “Twitter users urge Elon Musk to reinstate Donald Trump’s account” in a piece published at 10:12am today.