Elon Musk announced yesterday that he has been appointed to the Twitter Board of Directors after announcing that he owns 9.2% of the shares. This stock made Musk the biggest investor on Twitter. So what does this development mean for Dogecoin (DOGE)?
Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!
— Elon Musk (@elonmusk) April 5, 2022
Elon Musk on Twitter’s Board of Directors
According to the investment conditions, individual investor, investment team member or twitter The largest share he can have as a general manager is capped at 14.9%.
Parag Agrawal succeeded Jack Dorsey as CEO after he stepped down. Agrawal announced that Musk will join the board of directors. Musk, who will serve as a Class 2 executive, will continue his duty until the shareholders’ meeting in 2024.
BREAKING: Twitter to appoint Elon Musk to their board of directors and shares are up on the news.
Tune in for live analysis: https://t.co/EYmHTvsTvD pic.twitter.com/UyAzSKgQg0
— Bloomberg TV (@BloombergTV) April 5, 2022
Elon Musk’s Dogecoin (DOGE) It is a known fact that he is a fan. In addition to maintaining this admiration with frequent support, Musk even thought of establishing a social media platform on Dogecoin. After Twitter introduced limited features on Bitcoin and Ethereum last year, Dogecoin co-founder Billy Markus indicated on Twitter to support DOGE as well.
Given that Elon Musk now has the power to make decisions on Twitter, the long-awaited development may perhaps come true.
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