Tesla and SpaceX CEO Elon Musk has declined to join Twitter’s board after becoming the social media company’s largest shareholder earlier this month.
“Elon Musk has decided not to join our board,” Twitter CEO Parag Agarwal said in a statement on Sunday.
He was appointed to the board on Tuesday. Agarwal’s statement said it was “contingent upon background check and formal acceptance”.
His appointment was to take effect Saturday, the statement said, however, Musk “shared the same morning that he would no longer be joining the board.”
“I believe it is for good,” wrote Agarwal. “We have and always will have input from our shareholders whether they are on our board or not.”
Twitter will be open to Musk’s input, Agarwal said.
Musk bought a 9.2% stake in Twitter Inc earlier this month. Since doing so, he has posted a series of suggestions for the site, with questions about new features and areas of concern.
On Monday, they polled users on whether they wanted an edit button. The next day, the company announced that it was testing the feature. And in a series of tweets late Saturday, he said users of the company’s Twitter Blue premium subscription service, which costs $2.99 a month, should receive the authentication check mark.
This feature is generally reserved for accounts of public interest that have been verified as authentic.
The billionaire is an outspoken Twitter user who often stirs controversy and even market turmoil with his posts on the site. In 2018, he tweeted about taking Tesla private at $420 a share when funding was not secured, boosting the company’s stock price and ultimately leading to a $40 million SEC settlement and mandate that his future tweets be pre-emptive. be approved. He is still implicated in the trial regarding that matter.
fbq('init', '1621685564716533'); fbq('track', "PageView");
var _fbPartnerID = null; if (_fbPartnerID !== null) { fbq('init', _fbPartnerID + ''); fbq('track', "PageView"); }
(function () { 'use strict'; document.addEventListener('DOMContentLoaded', function () { document.body.addEventListener('click', function(event) { fbq('track', "Click"); }); }); })();
