Elon Musk announced his entry on Twitter at the beginning of the week and did so with a message to the SEC, which actually classifies him as a passive investor.

But it soon became apparent that he would probably play a very active role in the company.

As Twitter announced on Tuesday, he should move into the board of directors.

Chairman Parag Agrawal tweeted that in conversations with Musk, it became clear that he would bring "great benefits" to the board.

"He is both an ardent supporter and fierce critic of the service and that is what we need on the Board to make us stronger in the long term.

Welcome Elon!”

Roland Lindner

Business correspondent in New York.

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Musk said he looks forward to "significantly improving" Twitter with Agrawal and the other boards of directors over the next few months.

Twitter's share price temporarily rose by a further 8 percent on Tuesday.

Musk's term is initially set to run until 2024.

Along with his entry into the board of directors, an agreement was also announced that would limit his influence.

Accordingly, he may not increase his stake in the company to more than 14.9 percent, this applies up to 90 days after leaving the board of directors.

So as long as Musk is on the board, it would not be possible for him to take a majority on Twitter.

He currently holds 9.2 percent, according to his SEC filing.

He is already the largest single shareholder.

Is the "edit" function coming?

Even though the Tesla boss announced his entry into Twitter in a so-called "13G" form and thus identified himself as a passive investor, many observers suspected from the start that he would want to intervene and demand changes.

Musk has recently repeatedly publicly criticized Twitter.

He has suggested the platform does not allow free speech.

And he has publicly toyed with the idea of ​​founding a rival platform.

Immediately after his entry became known, he took on a topic that had been the subject of passionate discussion among users of the short message service for years.

It's about the previously missing option to edit tweets afterwards with an "edit" function, for example if they contain spelling mistakes.

In such cases, the only option currently left is to delete and rewrite the entries.

Users have long been demanding an "edit" function, but Twitter has so far resisted it.

Musk has now raised the issue through a poll of Twitter users.

Almost three million users voted, and a clear majority supported the introduction of an "edit" function.

Meanwhile, Musk's investment may have got him in trouble with the SEC.

According to their rules, shares of more than 5 percent in companies must be made public within ten days.

According to his announcement, Musk bought the Twitter shares on March 14, but has only now announced this.