Twitter’s chief denied Elon Musk joining the social network’s board of directors
The founder of SpaceX has a 9,2% stake in Twitter and is the company’s largest shareholder
11.04.2022 - 09:55
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What’s new? Twitter chief Parag Agrawal has stated that businessman Elon Musk will not join the company’s board of directors. Agrawal added that Musk remains Twitter’s largest shareholder with a 9,2% stake and that the company will listen to his further suggestions and ideas.
What had happened before? In April, it became known that the head of Tesla and SpaceX acquired a 9,2% stake in Twitter worth $2,89 billion. Also on April 10, Musk proposed integrating payments in Dogecoin into the social network to pay for a Twitter Blue subscription.
In January 2022, Musk criticized Twitter’s new NFT feature, calling it “annoying.” The social network also added the ability to pay tips using Ethereum. BTC payments were already available on the platform.
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