“The arrival of Elon to the board of directors should be formalized on April 9, but Elon made it known this morning that he would not be joining the council,” he explained in a message to Twitter staff, who shared it on the platform. “I think it’s for the best.”
“We appreciate and will always continue to appreciate the participation of our shareholders, whether or not they have a seat on our board. Elon is our largest shareholder and we will remain open to their participation,” added Agrawal.
Muskthe world’s richest man, announced in early April that he had acquired a 9.2% stake in Twitter, making him the largest shareholder.
Agrawal said Tuesday that Musk would join the board of directors, describing him as “a passionate believer and an intense critic of the service, which is exactly what we need.”
and his own Musk he tweeted that he was “looking forward to working with Parag and the Twitter board to make significant improvements to Twitter in the coming months!”
However, in his announcement on Sunday, Agrawal shared a note he sent to Twitter, saying that the appointment of Musk on the board he would be subject to a background check and would have to act in the interest of the company once appointed.
“Twitter is dying?”
In an apparent reaction to the news, Musk he tweeted a smiling emoji, without any other comment.
Before entering the capital of the company, Musk He was already an active user of the social network, in which he has 80.5 million followers and often mixes incendiary statements with capricious or business comments.