Elon Musk, the CEO of Tesla and the world’s richest man, bought a 9.2 percent stake in microblogging site Twitter Inc. this week, and the disclosure came after Elon Musk was named to be one of Twitter’s board of directors. Twitter CEO Parag Aggarwal tweeted to welcome Elon Musk, and now after a week Parag Aggarwal has tweeted that Elon Musk will not be joining the Twitter board of directors.
Twitter CEO Clarification
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 shared in his tweet that ‘Elon’s appointment to the board was due to take effect officially from April 9, but Elon told us the same morning that he was no longer a part of the board. Twitter ceo also said that ‘we were happy looking forward to partnering with Elon. The board had offered him a seat. Concluding the note Parag said “The company has always given importance to the inputs of its shareholders, whether that shareholder is on the board or not”.
Elon Musk biggest Shareholder of Twitter; Debates on edit option
Elon Musk just purchased a 9.2 percent interest in Twitter Inc., making him the company’s largest stakeholder. Elon Musk has purchased 73,486,938 shares of Twitter stock, giving him a 9.2 percent interest in the company. Following this agreement, Elon Musk posted a poll concerning the edit button on Twitter. In response to Elon Musk’s tweet asking if you want the edit button, Parag Aggarwal stated that this vote is crucial. Please vote carefully.
Hi there! I’m Akash. I was born and raised in Bengaluru, India. I am a freelance content writer and a blogger. I am currently a student studying at a prestigious law school in India. I am an avid reader and writer.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
