Advertisement
AD

Main navigation

Advertisement
AD

Elon Musk Joins Twitter Board, What Could It Mean for DOGE?

Advertisement
Tue, 5/04/2022 - 13:08
Elon Musk Joins Twitter Board, What Could It Mean for DOGE?
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

It has just been reported that Elon Musk has been appointed to join the Twitter Board of Directors after he announced his ownership of 9.2% of the company's stake on Monday (that is 73.5 million shares). This makes him the single biggest investor in Twitter.

Advertisement

According to the investment terms, 14.9% is the biggest share he is allowed to own overall as an individual investor, member of an investment group or the director of Twitter.

Now, Twitter CEO Parag Agrawal, who took over from Jack Dorsey, has spread the word that Musk will be joining the company's board.

He will serve as a Class II director, and his term will expire in two years, during the meeting of Twitter shareholders in 2024.

Related

Musk is a long-term Dogecoin fan. He has previously stated that he would support the implementation of the meme cryptocurrency into social media and has even been seriously thinking of building a new platform. After Twitter had launched tipping features in Bitcoin and Ethereum last year, Doge cofounder Billy Markus publicly asked Twitter to implement Doge tipping as well.

Now that Musk is able to impact the decision-making process on Twitter, who knows? Maybe he will do something to promote Dogecoin for users there.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD