Elon Musk not to join Twitter board, says CEO Parag Agrawal

Twitter CEO Parag Agrawal on Monday said Elon Musk has decided not to join the board. Taking to Twitter, Parag said, “I sent a brief note to the company, sharing with you all here.”

“Elon is our biggest shareholder and we will remain open to his input,” Agrawal noted in his latest tweet.

On April 4, Elon Musk had announced joining Twitter’s board of directors, a day after disclosing that the Tesla CEO took a 9 per cent stake in the social media platform. Twitter Inc. had said in a regulatory filing that it entered into an agreement with Musk that will give the billionaire a seat on its board, with the term expiring at its 2024 annual shareholders meeting.

Musk, who has 80 million Twitter followers, had purchased 73.5 million shares, worth about $3 billion.He had also raised the possibility with his massive and loyal Twitter following, that he could create a rival social media network.

Musk had not spoken specifically about any Twitter rule changes, he had tweeted he wants to make “significant improvements to Twitter in coming months!” 

Late Monday he launched a poll asking whether users want an edit button, misspelling “yes” as “yse.

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