Billionaire Elon Musk has joined Twitter’s board of directors, becoming the largest shareholder in the social media company a day after the announcement.
CEO Parag Agarwal shared the news via multiple tweets after the appointment of Mask was made official in an SEC filing.
“Through conversations with Elon in recent weeks, it has become clear to us that he will bring a lot of value to our board,” Agarwal wrote.
Musk responded in a tweet, “Looking forward to working with Parag and the Twitter board to make significant improvements to Twitter in the coming months!”
Musk acquired 9% of Twitter, paying about $ 2.9 billion. It is unknown at this time what he will do after leaving the post. Last December, he posted a meme comparing Agarwal and co-founder Jack Dorsey with Stalinist Russia figures.
Agarwal has described it as musk “To make us stronger in the long run, both a passionate believer and a fierce critic of the service we need on Twitter and in the boardroom.”
Musk, who has become one of the richest people on the planet with a net worth of $ 270 billion, was a co-founder of PayPal and was discovered by Tesla and SpaceX.