Elon Musk remains Twitter’s top shareholder, according to Agrawal.
Elon Musk will not join Twitter’s Board of Directors, as stated last week. Twitter CEO Parag Agrawal started late Sunday night in a tweet that Musk was scheduled to join the board on April 9, but Musk announced the next morning that he had opted not to join the board. “I believe this is for the best,” Agrawal remarked.
“We will always value input from our shareholders, whether they are on our Board or not,” Agrawal said in a follow-up tweet. Elon Musk remains Twitter’s top shareholder, according to Agrawal. Earlier this week, Musk disclosed in a regulatory filing that he owned 9.2 percent of Twitter.
Elon Musk tweeted on Saturday, asking if the social media network was “dying” and naming users like musician Justin Bieber, who has a large following but rarely posts.
“Most of these ‘top’ accounts tweet infrequently and post very little substance,” Tesla CEO Elon Musk said, captioning a list of the top ten profiles with the most followers, which includes himself at number eight, with 81 million followers.
“Is Twitter doomed?” he wondered. Musk also held a supplementary poll on Sunday, asking if the letter “w” should be removed from Twitter’s name, with two voting options: “yes” or “of course.”
Musk proposed a slew of modifications to Twitter Blue’s premium subscription service on Saturday, including lowering the price, prohibiting advertising, and allowing users to pay in the cryptocurrency dogecoin.