Elon Musk Declines Offer To Join Twitter Board Of Directors

 

Despite being the company’s largest shareholder, Elon Musk, the world’s richest man, has decided not to join the board of Twitter.

 

 

Musk’s appointment to the board was set to take effect on Saturday, April 9 after the company’s chief executive, Parag Agrawal, revealed last week that he had purchased a 9.2 percent interest in the social media platform, but Musk rejected to join the board.

 

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Agrawal tweeted:

“Elon shared that same morning that he will no longer be joining the board.”

 

 

Tesla CEO Elon Musk is Twitter’s largest shareholder, and the company would continue to welcome his input, he said.

 

 

Musk cryptically tweeted a single emoji just over an hour after Agrawal’s announcement, which has since been deleted.

 

 

This follows Musk’s weekend suggestions for changes to Twitter.

 

 

He asked his 81 million followers if Twitter was “dying” and if the company’s headquarters should be converted into a homeless shelter.

 

 

He also made a poll asking if the letter “w” should be removed from Twitter, with only “yes” and “of course” as answers.

 

 

He then proposed a number of improvements to the Twitter Blue premium subscription service, including lowering the price, prohibiting advertising, and allowing users to pay in dogecoin.

 

 

Addressing Musk’s decision, Agrawal said:

 

“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,” he added.

“Elon is our biggest shareholder and we will remain open to his input.”