Elon Musk will no longer join Twitter’s board. On April 5, we reported that Elon Musk was going to be appointed to the board of Twitter after he bought 9.2 percent of the company, making him its largest shareholder.
The announcement was shared by Twitter CEO Parag Agrawal who tweeted “Elon has decided not to join our board.”
“We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance. Elon’s appointment to the board was t become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board. I believe this is for the best. We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input,” writes Agrawal.
Here’s the full announcement.
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk— Parag Agrawal (@paraga) April 11, 2022
Musk has been tweeting ideas about the company since becoming its largest shareholder. On April 6, he tweeted out a poll asking if Twitter needed an edit button. He also tweeted about turning Twitter’s San Francisco HQ to a homeless shelter “since no-one shows up anyway,” and suggested including verification marks for those subscribed to Twitter Blue service. The last two mentioned tweets have since been deleted.
Via: The Verge