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Elon Musk, Twitter's biggest shareholder, has decided not to join the social media company's board, Chief Executive Parag Agrawal said in a tweet on Sunday, reports Reuters.
Musk, who disclosed a 9.2 per cent stake in Twitter just a few days ago, was offered a board seat and his appointment was to become effective on Saturday.
But "Elon shared that same morning that he will no longer be joining the board", Agrawal said in a note on Twitter. (https://bit.ly/3usFqhe)
Musk had on Saturday suggested changes to Twitter Blue premium subscription service, including slashing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin.