Elon Musk, who has recently learned that he has a share of 9.2 percent from Twitter, has given up on entering Twitter’s board of directors.
According to the statement made by Twitter CEO Parag Agrawal this morning, Musk will not be on the Twitter board.
Agrawal, in the tweet he shared on the subject, “Elon was scheduled to formally enter the board of directors on April 9. But Elon announced that he wouldn’t be going to the board that morning. I believe it will be better for everyone.” said.
It was learned with the notification made to the US Securities and Exchange Commission about a week ago that Elon Musk became one of the shareholders of Twitter. Musk’s 73.5 million shares are equivalent to 9.2 percent of the company’s shares. This is Elon Musk on Twitter largest shareholder made it.
The news that Musk bought shares from Twitter has also caused a stir in the crypto money market, for example. Dogecoin (DOGE) to 10 percent on the price significant increase was observed.
The statements made today show that Elon will not enter Twitter’s board of directors at least. Agrawal, in the same statements, “We have spoken to both board members and Elon himself many times about the issue of Elon joining the board of directors. We were excited to be working with him and on the one hand, we were aware of the risks involved.” said.