Elon Musk has decided not to join the Twitter board, despite becoming the company’s single biggest shareholder.
The social media giant’s CEO Parag Agrawal said the Tesla and SpaceX founder relayed his decision on the very morning he had been due to be officially appointed.
“Elon is our biggest shareholder and we will remain open to his input,” he added.
Twitter had already informed the US securities regulator that Musk would join the board as a Class II director after he bought a 9.2% stake worth almost $3bn.
Musk has since been proposing a series of possible changes to the platform, including allowing users to pay for its premium subscription service – Twitter Blue – with the cryptocurrency dogecoin.
