Elon Musk Withdraws Decision To Join Twitter’s Board Of Directors
Some things are too good to be true.
On Sunday, Twitter users were slapped with reality (second time in three weeks) when it was announced that Tesla CEO Elon Musk withdrew his decision to join Twitter’s board of directors.
Many Americans had hoped that Musk and his intrepid attitude toward free speech and banning accounts would improve the site overall.
Twitter CEO Parag Agrawal tweeted out that Musk will no longer join the board after withdrawing his decision during a meeting on Saturday.
Agrawal shared the following on Musk:
"Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here.
“The Board and I had many discussions about Elon joining the board, and with Elon directly. We were excited to collaborate and clear about the risks. We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward.
“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.”
https://twitter.com/paraga/status/1513354622466867201?s=20&t=hA5jGDpsYbElRIxVpkNa9Q
Following the announcement, Musk tweeted the shushing emoji (🤫) but deleted it hours later.
Upon learning that Musk would not be on Twitter's board, OutKick founder Clay Travis, who had been advocating for Musk to buy the social media platform and “re-institute its meaning and message," expressed hope that Musk will put even more pressure on Twitter.
https://twitter.com/ClayTravis/status/1513370555679854593?s=20&t=zaRrHNJlmdrMvgGu_aqDjA
Ever since last Monday’s announcement of his purchase of over $2.8 billion in Twitter stock (initially purchased in March), the Tesla CEO did not ease on his unorthodox smack-talking to the powers that be.
In his week as de facto chief, Musk tweeted out polls.
Among the polls was a query on whether Twitter should include an ‘edit’ feature after tweets are posted.
One of Musk’s greatest antics was removing ‘The Big Short’ investor Michael Burry’s checkmark. ... For seemingly no reason.
Good times.
https://twitter.com/Investingcom/status/1513018163780329474?s=20&t=cMlbFr1GPyaV8n2CfKQUgg
Musk also called out the 10 most-followed Twitter accounts on Saturday for failing to generate any activity despite their influence.
https://twitter.com/elonmusk/status/1512785529712123906?s=20&t=zcovYuvyRJE0QT-_hKVzZw
The week was full of tumultuous politics at Twitter HQ once Musk was branded the ‘new chief.’
While some employees in San Fran lauded Musk’s prudence, many of the upset and outspoken workers feared that Musk, and his inclusion on the board of directors, would radically shift the company’s direction.
Musk was expected to join Twitter employees for a townhall-type forum on an undisclosed date, but his latest decision casts doubt on that happening.
In his announcement, Parag Agrawal maintained that Musk would have a say in matters as Twitter’s largest stake owner, but that the company will aim to do business as usual.
Follow along on Twitter: @AlejandroAveela