Elon Musk will not join Twitter’s board. Twitter CEO Parag Agrawal made the statement on the matter. Agrawal announced that Musk, who bought 9.2% of Twitter last week, has been appointed to the board. However, the Twitter CEO announced that Musk has not accepted the appointment.
Agrawal’s statement on the matter includes the following, “Last Tuesday, I announced that Elon would join the board after Elon’s background check and formal approval. Elon would have officially joined the board from April 9. However, that same morning, he informed us of his decision not to join the board. We value the opinions of our shareholders, whether they are on the board or not. Elon is our largest shareholder and we welcome contributions.”
Joining Twitter’s board would have prevented Musk from owning more than 14.9% of the company. When it was announced that Musk bought Twitter shares, the value of the stock was at $2.9 billion.
Elon Musk has been sharing his thoughts about the microblogging service via Twitter since the day his Twitter stake was announced. Because of Musk’s Twitter style, it’s also hard to tell if there’s trolling in his posts.
Musk asked his followers, “Do we need an ‘Edit’ button on Twitter?” The day after he asked the question, he announced that testing of that button had begun.