Elon Musk Turns Down Probability to Be a part of Twitter’s Board

Elon Musk hasn’t been shy about sharing his ideas on Twitter.

Photograph by Patrick Pleul/Pool/AFP by way of Getty Photographs

In accordance with a tweet by present Twitter CEO Parag Agrawal, Elon Musk has turned down a chance to affix Twitter’s board.

This comes days after Agrawal introduced on April 5 that Musk can be becoming a member of the board.

“Elon Musk has determined to not be part of our board,” mentioned Agrawal. “Here is what I can share about what occurred.

“We introduced on Tuesday that Elon can be appointed to the Board contingent on a background test and formal acceptance. Elon’s appointment to the board was to turn out to be formally efficient 4/9, however Elon shared that very same morning that he’ll not be becoming a member of the board. I consider that is for the perfect. We now have and can at all times worth enter from our shareholders whether or not they’re on our board or not. Elon is our largest shareholder and we are going to stay open to his enter.”

Quick afterward Elon Musk posted this tweet, with only a single emoji — a face with eyes closed and hand over mouth. It has since been deleted.

The Tesla chief took a 9.2% stake within the social media website on March 14, in keeping with a Securities and Alternate Fee submitting. The inventory buy makes Musk the social community’s largest shareholder.

Musk’s shares are price $2.89 billion, primarily based on Twitter’s closing value Friday.

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