Looks like Elon Musk, who is Twitter’s biggest shareholder is no longer joining the board. The Twitter CEO also mentioned that he believes the decision is for the best.
Days after Tesla CEO and SpaceX founder Elon Musk became Twitter’s largest shareholder, Twitter announced that Musk will also be joining the board of directors. However, this doesn’t seem to be the case anymore. In a new tweet by Parag Agrawal, the Twitter CEO mentions that Musk has now declined from joining the company’s board.
The tweet includes a short note as well, though it does not give a clear reason as to why Musk is no longer joining the board. “Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board,” Agrawal said in the tweet.
He added in the same post, “We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward. The board offered him a seat. We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance.”
“We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input,” he wrote.
Check out the full tweet below
The development is certainly interesting given how Musk has been posting and asking several questions about the future of Twitter and its policies. For he instance, he wrote that everyone who is signing up for Twitter Blue (a paid subscription service the company is testing in select countries) needs to get an authentication checkmark and that it should have no ads.
He also insists Twitter is a key public platform, and asked his followers in a poll whether Twitter is rigorously adhering to the principles of free speech. He also pointed out some of the ‘top accounts’ on the platform don’t appear to tweet anymore. Musk also posted to his followers whether the Twitter headquarters should be converted into a shelter for homeless, since no one uses it anymore.
Regarding the checkmark for Twitter Blue users, Musk also added, “it should be different from “public figure” or “official account” checkmark.”
Source: indianexpress.com