Elon Musk To Not Join Twitter's Board Of Directors, Confirms Parag Agrawal
Synopsis: However, it is still not clear why Elon denied joining Twitter's board that too when he owns the highest shares of the company. He had the most amazing ideas that how Twitter social media network should bring the edit button for which he especially created a poll and asked his followers to vote for the same.
Twitter CEO Parag Agrawal made a very important announcement on Monday that Elon Musk, the biggest shareholder of Twitter won't be joining the board. We all know that Musk became the biggest shareholder of Twitter soon after he expressed his thoughts over Twitter not giving chance to its users for expressing their thoughts and ideas. He became the owner of over $2.6 billion with over 9% stocks thus making him the largest single shareholder. After this, it was expected that Musk will be joining Twitter's Board Of Directors and making the board meetings 'LIT' with his presence. But soon after the announcement, Elon again decided to surprise everyone by not joining the board of the company.
Parag Agrawal announced that Elon Musk will be joining the Twitter team, and wrote in his tweet,
We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance.
But this news soon became null and void when Musk denied joining the board, regarding which Agrawal tweeted again, "Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board. 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. Elon is our biggest shareholder and we will remain open to his input."
However, it is still not clear why Elon denied joining Twitter's board that too when he owns the highest shares of the company. He had the most amazing ideas that how Twitter social media network should bring the edit button for which he especially created a poll and asked his followers to vote for the same. And to everyone's surprise, Twitter agreed to the change and confirmed that they will come up with the edit button very soon. Apart from this, he also tweeted about his idea of providing verified marks to all the paid Twitter Blue subscribers. Additionally, he suggested one more change of converting Twitter's San Fransisco office into a shelter for homeless people as in that office "no one shows up anyway."
The CEO of Tesla surprised everyone on the 4th of April by investing a huge amount in Twitter's shares thus becoming the biggest shareholder of the company. Musk owns around 73,486,938 shares, which was revealed by US Securities and Exchange Commission. Elon Musk is an avid Twitter user and now his big investments can bring a lot of change to the working model of Twitter.