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With new developments at Twitter, there’s a twist in the story! Twitter CEO Parag Agrawal not too long ago tweeted that Elon Musk has determined not to be part of the firm’s board. The U-turn comes after Agrawal himself announced the appointment of Musk to Twitter’s board final week.

In his latest electronic mail to the Twitter workforce, Agrawal writes that he had many discussions with the board and even straight with Elon Musk. After Twitter appointed Elon to the board contingent final Tuesday, the tech billionaire shared the similar morning that “he will no longer be joining the board”. Agrawal additional writes:

“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 inputs”.

Elon has determined not to be part of our board. I despatched a short word to the firm, sharing with you all right here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022

Earlier this month, tech billionaire Elon Musk announced grabbing a 9.2% stake in Twitter changing into the largest particular person shareholder of the firm. The announcement got here after Musk carried out a Twitter ballot asking his followers whether or not the platform adheres to the ideas of “Free speech”.

A staggering 70% of respondents voted adverse. Probably, Musk thought that being a key shareholder of Twitter will assist him recommend key modifications to the board.

Elon Musk’s attention-grabbing proposal

On Saturday, April 9, Elon Musk shared his thought of introducing a month-to-month paid subscription to the Twitter Blue companies and thus verifying customers accordingly. This might be a minimal quantity as little as $3 monthly.

This suggestion was to sort out the out-of-control bot military and the impersonators who’ve been deceptive Twitter customers for fairly some time. Besides, he additionally instructed Twitter might be accepting funds in Dogecoin (DOGE).

But with the newest information, Dogecoin followers might need to maintain their pleasure for longer. However, as Agrawal mentioned, Twitter might be contemplating Musk’s suggestion going forward, and we’d finally see DOGE funds on Twitter in the future.

Bhushan is a FinTech fanatic and holds aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the new rising Blockchain Technology and Cryptocurrency markets. He is constantly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary abilities.

The offered content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.