Elon Musk quits Twitter’s board, says social network CEO | Technique

“Elon’s appointment to the board was supposed to be formally effective on April 9, but Elon informed that morning that he would not be joining the board,” Agrawal said in a letter he sent to board officials. Twitter.

“I think it’s better,” he added.

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Agrawal added, “We value and will continue to value the participation of our shareholders, whether they are members of our Board of Directors or not. Elon is our largest shareholder and we will remain open to his contribution.”

Musk, the world’s richest man, announced in early April that he had acquired a 9.2% stake in the company TwitterWhich made him the main shareholder in the company.

Agrawal announced on Tuesday last week that Musk He will join the board of directors They described him as a “passionate believer and fierce critic of service which is exactly what we need.”

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Musk himself tweeted that he “looks forward to working with Parag Council and Twitter To make significant improvements in Twitter in the coming months.”

In this Sunday’s announcement, Agrawal shared a note he sent her TwitterIt stated that Musk’s appointment to the board would be conditional on a background check and that he would have to act in the best interests of the company once appointed.

Before Musk became a shareholder in the company, he was already an active user of Twittera social network with 80.5 million followers that mixes inflammatory phrases and controversial comments about other businesses or personalities.

He also frequently faces federal exchange regulators, who took action against his use of social media after the alleged failure to bring Tesla to the exchange in 2018.

In fact, Musk mentioned in the document sent to the stock exchange regulatory agency that his participation in Twitter It would be “passive”, that is, it did not plan to influence major strategic decisions.

But he followed it up with sarcasm. Among other things, he polled his account to ask if people would like to add a function to “edit” tweets after posting. Nearly 4.4 million people voted, and 73% answered “yes.”

The platform then announced that it wanted to test the functionality that millions of people had requested years ago.

Musk also questioned, Saturday, whether the social network was “moribund”, pointing to accounts that were not very active, despite the large number of followers, such as the follow-up of singer Justin Bieber.

According to the Washington Post, many employees of Twitter They expressed their concerns, arguing that the values ​​of the richest man in the world would not align with the corporate culture of the social network.