Technocrat Media, Global
Parag Agrawal, chief executive officer of Twitter has announced that the company is appointing Elon Musk to its board of directors.
Mr Agrawal made the announcement on his Twitter handle on Tuesday.
“I’m excited to share that we’re appointing Elon Musk to our board. Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” he said.
“He’s both a passionate believer and intense critic of the service which is exactly what we need on Twitter, and in the boardroom, to make us stronger in the long-term. Welcome, Elon.”
The US Securities and Exchange Commission document on Monday shows how Musk acquired 73,486,938 Twitter shares.
Mr Musk’s stake in the company is now worth $2.89 billion according to Twitter’s closing price on Friday.
This feat no doubt necessitated the appointment of Elon Musk to Twitter’s board.