Elon Musk Will Not Join the Board on Twitter
Alison Anderson
13 Apr 2022
he biggest shareholder of the company said he does not want to become a Twitter board member. The news was confirmed by the CEO of Twitter Parag Agrawal. Instead, Musk becomes the main shareholder of the social network.
The recent purchase made by Elon Musk who was always considered critical of the Twitter network, concerned users around the world. While now Musk holds 9.1 percent shares of Twitter which he bought on April 4, it is hard to predict his next step. Even Musk, himself, mysteriously said that he is thinking about major improvements he can bring to the platform. This is why the audience expected him to join the board on Saturday.
The situation turned unpredictable when Agrawal wrote that Elon Musk decided not to join the board. The note was published on Twitter. He explained the situation that happened. According to the CEO, the company offered Elon Musk a seat. On Tuesday Twitter officials announced their decision to welcome Musk to the board. However, a few days later Musk contacted Agrawal and said that he decided not to become a member of Twitter’s board. The CEO confirmed that Elon Musk continues to be the biggest shareholder, and he personally believes that this is the best decision. He highlighted that the company is always open to the new ideas coming from Musk.
Tesla responded with the delay, waiting for a response from Elon Musk. Before he bought more shares from Twitter Musk asked the audience whether they believe that there is free speech available on Twitter. His poll showed that 70.4 percent of voters did not believe in it. They all wanted to be able to receive an edit button. Now Musk is working on the new suggestions for Twitter, including cryptocurrency payments, the ban on ads, and price cuts.
What do you expect from Musk on Twitter? Do you believe there will be significant changes? You can express your thoughts in the comments below.