The news has been confirmed by Twitter ‘s own CEO , Parag Agrawal .
After bickering, Elon Musk will not be part of the board of directors of Twitter , a social network in which he is the largest shareholder.
The news has been confirmed by Parag Agrawal himself , the CEO of Twitter, who shared the reasons behind this decision.
“Elon has decided not to join our board of directors,” Agrawal tweeted. ” Elon Musk ‘s arrival on the board of directors was supposed to be formalized on April 9, but Elon made it known this morning that he would not join the board.”
“We appreciate and always will 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 continue to be open to his participation,” he added.
Among the participants of this meeting are Bret Taylor, Co-CEO of Salesforce, Jack Dorsey, co-founder of Twitter, Patrick Pichette, ex-CFO of Google, Dr. Fei-Fei Li, professor at Stanford and Agrawal himself.
The statement also mentions that Musk ‘s appointment to the board of directors “would be contingent on a background check.” The board, however, “remains open to his ideas and opinions.”
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
Elon Musk with the power
Musk has become the majority shareholder of Twitter by buying 9.2% of the company’s shares . He specified in the document transmitted to the stock exchange regulator that this participation was “passive”, that is to say that he did not plan to influence major strategic decisions.
However, after the news, the CEO of Tesla and SpaceX began to ask on social networks about different measures of change on the platform, such as a button to edit tweets or turning the headquarters into a place for the homeless.
On April 9, Musk wondered if the social network was “dying ,” mentioning inactive accounts despite having many followers.
Several Twitter employees raised concerns after Musk joined the board, citing the billionaire’s comments about transgender people and his reputation as a difficult leader, according to internal discussion messages, cited by the Washington Post .
On Thursday, Musk posted a photo on Twitter of himself holding a joint, surrounded by a halo of smoke. The image, taken from one of his appearances on host Joe Rogan’s podcast, is accompanied by the caption: “The next Twitter board of directors will be great.”