In an interesting development of events: Elon Musk will not join the Twitter board of directors!
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Answer In an interesting development of events: Elon Musk will not join the Twitter board of directors!
In an interesting twist of events, Tesla CEO Elon Musk has decided not to join the board of directors of the social networking platform Twitter.
Twitter CEO Parag Agrawal commented:
This is the best.
Last week, Elon Musk bought more than 70,000,000 Twitter shares, or 9.2% of the company’s passive stake.
This move made him the largest contributor to the social media giant.
The initiative was met with great enthusiasm, and Twitter’s (TWTR) stock price prior to its launch increased 25%, while the value of Dogecoin also headed north after the news was announced.
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In conjunction with the purchase, the Tesla CEO was appointed to Twitter’s board of directors.
The billionaire did not waste time and began to put forward his ideas regarding the future of the company and its improvement for the better.
One of those proposals included adding the option to pay with Dogecoin.
Despite the enthusiasm of the beginnings, the CEO of Twitter revealed – today (April 11) that “Musk” has reversed his decision to join the board of directors.
The top executive gave no reason for the shift.
Elon decided not to join our board of directors. I sent a brief note to the company, I share with you all here. pic.twitter.com/lfrXACavvk
Paraga Agrawal April 11, 2022
He added that the Tesla CEO remains the company’s largest shareholder, and as such, Twitter will remain open to his suggestions.
It is worth noting that “Mask” posted several tweets during the past days.
In some of them, he explicitly criticized the social media platform, and Agrawal responded that this is exactly what the company needs.
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