Technology
Elon Musk decides not to join Twitter board of directors
"Elon shared that same morning that he will no longer be joining the board".
San Francisco: Twitter's top shareholder Elon Musk has decided not to join board, the company's chief executive Parag Agrawal said.
Twitter CEO Parag Agrawal announced publicly on Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his input.
However, Mr Agrawal tweeted, "Elon shared that same morning that he will no longer be joining the board."
Addressing Mr Musk's decision, Mr Agrawal said: "I believe this is for the best".
"We have and will always value input from our shareholders whether they are on our board or not," he added.
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
Last week Musk bought a 9.2% stake in the social media platform.
Just over an hour after Mr Agrawal's announcement, Mr Musk cryptically tweeted a single emoji. The tweet has since been deleted.
Over the weekend, Musk suggested changes to Twitter Blue premium subscription service, including slashing its price, banning advertising and giving the option to pay in the cryptocurrency dogecoin.
The Tesla boss also asked his followers whether Twitter is "dying" and if its headquarters should be turned into a homeless shelter.
He also created a poll asking whether the letter "w" should be removed from the Twitter, with the only options being "yes" and "of course".
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