Elon Musk And Jeff Bezos Agree Over Something For A Change: What To Do With Twitter HQ

Tesla Inc TSLA CEO Elon Musk said on Sunday Amazon.com Inc AMZN founder Jeff Bezos’ suggestion to turn only a portion of Twitter Inc’s TWTR San Francisco headquarters into a homeless shelter was a “great idea.”

What Happened: Musk, who was recently appointed to Twitter's board after revealing a 9.2% stake in the company, on Sunday ran an online poll asking if the microblogging firm's HQ should be converted to a shelter “since no one shows up anyway.” 

The Twitter poll secured over 1.83 million votes, with more than 91.5% saying yes. 

Bezos Response: Bezos responded to Musk's tweet, suggesting Twitter could try converting only a portion of its HQ like how the e-commerce giant had done for its downtown Seattle office buildings.

See Also: Elon Musk Asks If Twitter HQ Should Be Converted To Homeless Shelter

Bezos is currently serving as executive chairman at Amazon after stepping down as CEO last year.

Why It Matters: Musk, who has been a critic of the social media giant, is likely to shake up things at Twitter as a director, according to many people. His term will last until 2024. Under the new agreement with Twitter, Musk is prohibited from acquiring more than 14.9% of the company.

See Also: What Can Elon Musk Do At Twitter? Here's What An Ex-Tesla Board Member Has To Say

Twitter CEO Parag Agrawal last week informed employees of a “highly unusual” internal AMA with Musk meant to “assuage anxious workers," as per a report by The Washington Post.

Price Action: Twitter closed 3.75% lower at $46.2 a share on Friday.

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Posted In: NewsSocial MediaTechGeneralElon MuskJeff BezosParag Agrawal
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