Elon Musk’s decided not to join Twitter’s board of directors
Elon Reeve Musk FRS is an entrepreneur, investor, and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early-stage investor, CEO, and Product Architect of Tesla, Inc. He is also the founder of The Boring Company; and co-founder of Neuralink and OpenAI. He was born to a south African father and a Canadian mother.
Elon Musk was born in June 28, 1971. He is an American entrepreneur who cofounded the electronic-payment firm Paypal and formed SpaceX, maker of launch vehicles and spacecraft. He was also one of the first significant investors in, as well as chief executive officer of, the electric car manufacturer Tesla.
After Musk revealed on Apr. 4 that he had taken a 9% stake in Twitter and the company invited him to join the board, both he and Agrawal said they looked forward to working together on the company’s future.
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NEW – Elon Musk’s rejection of a Twitter board seat frees him to buy greater stock sway over his preferred social media platform and dodge obligations to promote its best interests
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Elon Musk’s decision to not join Twitter’s board of directors has company employees and analysts foreseeing a potential fracas with the world’s richest man. He confirmed he wouldn’t be joining Twitter Inc.’s board of directors but said he might engage with the social-media company on a range of issues “without limitation.” Though he is twitter’s largest shareholder. Last week, twitter announced that Musk would be joining Twitter’s board of directors, prompting Musk to promise “significant improvements” in the platform.
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On Sunday evening, though, it was announced that Musk would not be joining Twitter’s board. No reason was given. Twitter CEO Parag Agrawal announced publicly Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his input. Musk informed Twitter on Saturday morning that he would not, in fact, take the board seat.
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