Stay updated with breaking news from Patrick Pichette. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Elon Musk would need to purchase an additional 40.8% stake in Twitter to become the majority shareholder. This would cost him about $15.3 billion, which some allege he be considering.
Elon Musk will not join the board of Twitter despite now being the company's biggest shareholder, Chief Executive Parag Agrawal said in a tweet on Sunday.
The piece criticized the Tesla CEO's $3billion Twitter buy-in as 'highly disconcerting' - but saw no mention of the outlet's billionaire owner, Jeff Bezos.
Elon Musk has suggested that people who subscribe to Twitter's premium service Blue be allowed to pay with joke cryptocurrency Dogecoin.
In the post, the new majority Twitter shareholder took aim at the social media giant's lax remote working policies, saying he came up with the plan 'since no one shows up anyway.'