Elon Musk has formally joined Twitter’s board of administrators a day after disclosing that the Tesla CEO took a 9 % stake within the social media platform.
Mr. Musk is about to be appointed to a board seat that expires in 2024. For so long as he’s serving on Twitter’s board, and for 90 days after if he chooses to step down, he is not going to be allowed to personal greater than 14.9 % of Twitter’s inventory.
“By way of conversations with Elon in latest weeks, it grew to become clear to us that he would carry nice worth to our board,” Twitter’s chief government, Parag Agrawal, tweeted on Tuesday.
Musks additionally wrote;
“Trying ahead to working with Parag & Twitter board to make vital enhancements to Twitter in coming months!”
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