The richest and most speculative name in the world. Elon Musk He took a new decision on Twitter. Musk, who became Twitter’s largest shareholder by paying billions of dollars, did not approach the board proposal that followed positively.
Musk, who rejected the board membership offer presented to him last week, did not explain the reason for this.
Elon Musk Rejects Board Offer
on tweetCEO of r Parag Agrawal In his statement on the subject, he announced Elon Musk’s decision and stated that he sent a note to the company.
The said note was also shared with the members of the board of directors.
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
Social media is mentioned with an interesting speculation. Some users emphasize that if Musk joins the board of directors, he will not be able to get more than 14.9% of the company’s shares.
Although Twitter has such a restriction, it is not clear whether Musk rejected the offer to buy more shares.
However, having Musk on the board of directors would certainly be a beneficial development for Dogecoin.
Musk jokingly hinted at the option to accept DOGE as payment on Twitter, and the price predictably soared. The fact that Musk has now lost this chance may be bad news for DOGE.