Apr 11, 2022
Elon Musk will not join Twitter board, says boss
Elon Musk has decided not to join the board of Twitter, the company's chief executive Parag Agrawal says. Over the weekend, Mr Musk suggested changes to Twitter Blue premium subscription service, including slashing its price, banning advertising and giving the option to pay in the cryptocurrency dogecoin. Mr Agrawal said Twitter offered Mr Musk a seat on its board as the company had believed it was "The best path forward", with board members having to "Act in the best interests of the company and all our shareholders". Mr Musk is the largest shareholder in the company, with more than four times the 2.25% shareholding of Twitter co-founder Jack Dorsey. Shares in Twitter soared by more than 27% last Monday after Mr Musk's stake was revealed.
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