Musk, who revealed a 9.2% stake in Twitter just a few days ago, was offered a seat on the board and his appointment was due to take effect on Saturday. But Agrawal tweeted that Musk had turned down the offer. “Elon announced the same morning that he would no longer be a member of the board,” Agrawal said Sunday. “I think this is for the best. We have and will always appreciate the contribution of our shareholders whether they are on our board or not. Elon is our biggest shareholder and we will remain open to his contribution “. Musk on Saturday proposed changes to the Twitter Blue premium subscription service, including price reductions, a ban on advertising and the ability to pay in the Dogecoin cryptocurrency. He also proposed a number of other changes, other serious and other trivial, such as the introduction of an edit button and the conversion of the company’s headquarters in San Francisco into a homeless shelter. Following the news, Musk posted a hand-held emoji on Twitter. He has often disagreed with Twitter’s moderation policies, saying last year that “many people will be extremely unhappy with the high technology of the West Coast as the de facto arbiter of freedom of speech.” In March, after gaining a large stake in the company but before becoming publicly known, he posted: “As Twitter operates as the city’s de facto public square, failure to uphold the principles of free speech is fundamentally undermining democracy. What needs to be done? “
