#Elon Musk wants to turn Twitter HQ into a homeless shelter
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“Elon Musk wants to turn Twitter HQ into a homeless shelter”
Elon Musk tweeted that San Francisco’s homeless should move into Twitter’s headquarters — and Jeff Bezos chimed in to support the idea.
The world’s richest man posted the tweet — which noted that Twitter’s staff are primarily working remotely — just days after it was learned that he bought up a 9% stake in Twitter.
The Tesla and SpaceX boss, who late Sunday reversed his decision to join Twitter’s board of directors, tweeted and then deleted several posts over the weekend, including one that read: “Is Twitter dying?”
Musk also tweeted a suggestion that the company change its name by removing the “w” from “Twitter.”
The bizarre tweetstorm and the decision not to join the board has ignited speculation that Musk could buy up more shares and exceed the 14.9% threshold that he had committed to when filing his SEC disclosure forms.
In revised disclosure forms, Twitter said that “[Musk] may express his views to the Board… and/or the public through social media or other channels with respect to the Issuer’s business, products and service offerings.”
Musk tweeted a poll to his tens of millions of Twitter followers that read: “Convert Twitter SF HQ to homeless shelter since no one show up anyway[?]” More than 1.5 million people responded to the poll, with 91% casting a “yes” vote. The poll was later deleted.
Musk later insisted: “I’m serious about this one btw.”
Jeff Bezos, Musk’s space-race rival and the world’s second richest man, tweeted his support of the idea.
The Amazon founder tweeted an article by technology-focused blog GeekWire from May 2020 about Amazon’s eight-floor family homeless shelter attached to its Seattle headquarters, saying the initiative worked out great and makes it easy for employees who wish to volunteer.
Bezos also suggested converting at least a portion of Twitter’s headquarters, if not all of it, into a homeless shelter. Musk agreed in another tweet, calling it a “Great idea.”
San Francisco, one of the world’s most expensive cities to live in, has seen a surge in the number of homeless people on the streets.
He posted the poll just a day before Twitter CEO Parag Agrawal revealed that Musk will not be joining the company’s board of directors as planned.
Musk’s appointment to the board was to become official on Saturday pending a background check and formal acceptance, “but Elon shared that same morning that he will no longer be joining the board,” Agrawal wrote in a brief message to the company that he tweeted on Sunday.
“The Board and I had many discussions about Elon joining the board, and with Elon directly. We were excited to collaborate and clear about the risks. We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward,” he said.
“I believe this is for the best,” Agrawal wrote. “We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input.”
Musk has not addressed his decision but cheekily tweeted a giggling emoji with a hand covering its mouth early Monday morning.
The Tesla and SpaceX CEO was invited to join the board one day after disclosing a 9.2 percent stake in Twitter last Monday, becoming its largest shareholder.
Just days earlier, he publicly trashed the company, which he called “the de facto public town square,” for “failing to adhere to free speech principles fundamentally undermines democracy” and mulled launching his own social media platform.
“Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” Musk asked users in a Twitter poll on March 28, in which over 70 percent of the 2 million voters responded “yes.”
Musk — the richest person in the world with a fortune of more than $287 billion, according to Forbes — bought some 73.5 million shares of the company, worth an estimated $2.89 billion, according to an SEC filing.
The massive purchase may have violated federal law, according to financial experts. After the billionaire filed his disclosure forms, Twitter’s share price skyrocketed 30 percent.
Musk had suggested a raft of changes to the Twitter Blue premium subscription service on Saturday, including reducing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin.
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