Elon Musk Will Not Join Twitter’s Board of Directors

Elon Musk Will Not Join Twitter’s Board of Directors

Interestingly, Tesla CEO Elon Musk has decided not to join the board of social media platform Twitter. “It’s the best,” claims the company’s chief executive, Parag Agrawal.

Last week, Elon Musk purchased more than 70,000,000 Twitter shares, representing a passive 9.2% stake in the company. The move makes him the social media giant’s largest shareholder. The move sparked a lot of enthusiasm, with TWTR’s pre-market price climbing 25%, and Dogecoin, Musk’s favorite cryptocurrency, rising in dollar value. Concurrent with the acquisition, Tesla’s CEO was named to Twitter’s board. The billionaire wasn’t wasting time, and started pitching his ideas for a better future for the company. One of the proposals includes the implementation of Dogecoin payments. However, today (April 11), Twitter CEO Parag Agrawal revealed that Musk has reversed his decision to join the board. The executive didn’t give a reason for the U-turn, but argued: “It’s for the best.” He added that Tesla’s CEO remains the company’s largest shareholder, so Twitter will “take his opinion with a grain of salt.” open-mindedness”.

Notably, Musk has posted several tweets over the past few days. In some of them, he has publicly criticized social media platforms. Agrawal concluded that this is exactly what the company needs.

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