Friday, June 24, 2022

Elon Musk Decided Against Joining Twitter’s Board, Says CEO

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.”

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.

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.

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Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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