Elon Musk Decides Not to Join Twitter Board, CEO Parag Agrawal Reveals

Elon Musk will not be becoming a member of Twitter’s Board of Administrators, a transfer that was introduced final week. In a tweet late Sunday evening, Twitter CEO Parag Agrawal revealed that Musk was attributable to be part of the board on April 9, however the identical morning, Musk shared he had determined to not be part of the board. Agrawal mentioned, “I imagine that is for the most effective.”

“We are going to all the time worth enter from our shareholders, whether or not they’re on our Board or not,” Agrawal’s tweet continued. Elon Musk continues to be the biggest shareholder of Twitter, Agrawal said. To recall, early final week Musk had revealed in a regulatory submitting that he had a 9.2 p.c stake in Twitter.

Elon Musk tweeted Saturday to ask if the social media community was “dying” and to name out customers comparable to singer Justin Bieber, who’re extremely adopted however hardly ever put up.

“Most of those ‘prime’ accounts tweet hardly ever and put up little or no content material,” the Tesla boss wrote, captioning an inventory of the ten profiles with essentially the most followers — an inventory which incorporates himself at quantity eight, with 81 million followers.

“Is Twitter dying?” he wrote. A separate poll by Musk on Sunday requested if “w” must be deleted from Twitter’s identify, leaving two voting choices, “sure” and “in fact.”

Musk had suggested a raft of adjustments to the Twitter Blue premium subscription service on Saturday, together with lowering its value, banning promoting and giving an choice to pay within the cryptocurrency dogecoin.