Earlier, it became known that Elon Musk bought 9.2% of Twitter’s stock worth $37 billion, but Musk will not be on the board of directors.
“Elon’s appointment to the board of directors was supposed to be official on April 9, but that same morning Elon announced that he would no longer be on the board. I think it’s for the best,” confirmed Twitter CEO Parag Agrawal in a tweet.
Agrawal added that Musk remains Twitter’s largest shareholder and that the company would be open to his proposals.
“We appreciate and will always appreciate the input of our shareholders, whether they are on the board of directors or not,” he added.
Earlier, Musk made a number of suggestions for improving the social network. In particular, he proposed to accept Dogecoin for payment of premium subscriptions to Twitter Blue.