Tesla and SpaceX CEO Elon Musk has dropped the idea of joining Twitter’s board of directors. Bought a share Last week, according to what was announced Monday by the general manager of the social network, Parag Agrawal.
“Elon Musk has decided not to join our Board of Directors,” Agrawal wrote on Twitter.
And he explained in a message addressed to Twitter employees, which he posted on the platform, that “Elon Musk’s accession to the board of directors was supposed to officially enter into force on the ninth of April, but Elon informed us this morning that he will not join the board.”
“We have always valued and valued the participation of our shareholders, whether they are on our board or not. Elon is our biggest shareholder and we remain open to his participation,” he added.
Musk, the world’s richest person, announced earlier this month that he had acquired a 9.2% stake in Twitter’s capital, becoming the company’s largest shareholder. In the document he sent to the SEC, he clarified that his participation is “passive”, meaning that he does not intend to influence major strategic decisions at Twitter.
Musk is very active on Twitter, as he publishes tweets almost daily to his more than 80 million followers.
Since announcing his acquisition of a stake in the social network, Musk has not stopped “provoking”. In particular, he published a poll on his account in which he asked Twitter users whether they would like the network to add an “edit” button to correct any tweet following it has been published. Approximately 4.4 million accounts took part in the vote, and nearly 73% of them answered “yes”.
The platform later announced that it is testing this feature that many users have been asking for for years.
On Saturday, Musk wondered in his own way whether the social network was on the verge of “death”, due to the presence of many accounts with millions of followers, but they were not active.
And the newspaper “Washington Post” reported that many employees expressed concern regarding Musk joining Twitter, especially considering that the values of this richest man in the world do not correspond to the professional culture of this social network.