Elon Musk to join Twitter board after taking $2.9bn stake

Tesla and SpaceX boss becomes social media platform's biggest shareholder with 9.2%

Twitter has announced it is appointing Elon Musk to its board the day after the world's richest person was revealed to be the social media platform's biggest shareholder with a 9.2% stake.

Parag Agrawal, the Twitter chief executive, said on Tuesday that he was excited" to announce that Musk was joining the company's board of directors. Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our board," he said in a tweet.