Elon Musk will not feature on Twitter’s board despite becoming a major shareholder in the company.The world's richest man bought a 9.2% stake in the social media platform making him its largest investor and earning him an invite onto its board.Musk was due to become its newest member on Saturday, April 9, but turned down the opportunity last minute.Parag Agrawal, Twitter’s CEO, said: “I believe this is for the best.
We have and will always value input from our shareholders whether they are on our board or not. Elon is our biggest shareholder and we will remain open to his input.”After the news of the plan change became public, Musk tweeted and then deleted a lone facepalm emoji.
Musk has also, for the first time, topped the Forbes rich list rising to the number one spot on April 5 and knocking Amazon founder Jeff Bezos into second place.
Read more on dailystar.co.uk
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