In step with a tweet through present Twitter CEO Parag Agrawal, Elon Musk has became down a possibility to sign up for Twitter’s board.
This comes days after Agrawal introduced on April 5 that Musk could be becoming a member of the board.
“Elon Musk has determined now not to sign up for our board,” stated Agrawal. “Here is what I will be able to proportion about what came about.
“We introduced on Tuesday that Elon could be appointed to the Board contingent on a background take a look at and formal acceptance. Elon’s appointment to the board used to be to turn out to be formally efficient 4/9, however Elon shared that very same morning that he’ll now not be becoming a member of the board. I consider that is for the most efficient. Now we have and can all the time worth enter from our shareholders whether or not they’re on our board or now not. Elon is our greatest shareholder and we can stay open to his enter.”
Brief later on Elon Musk posted this tweet, with only a unmarried emoji — a face with eyes closed and give up mouth. It has since been deleted.
The Tesla leader took a 9.2% stake within the social media website online on March 14, in keeping with a Securities and Trade Fee submitting. The inventory acquire makes Musk the social community’s greatest shareholder.
Musk’s stocks are value $2.89 billion, in accordance with Twitter’s ultimate value Friday.
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