What Twitter board's statement on Elon Musk actually means

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What Twitter board's statement on Elon Musk actually means
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The SpaceX CEO was expected to officially be appointed to Twitter's board on April 9, but he changed his mind according to company CEO Parag Agrawal.

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Twitter's CEO announced today that Musk will not be joining the company's board after becoming its biggest shareholder.A financial filing from Twitter released on April 4 shows that as a member of the board, Musk was limited to owning no more than 14.

9 percent of the company's common stock outstanding for as long as he served on the board,"including for these purposes economic exposure through derivative securities, swaps, or hedging transactions.

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