Elon Musk Not Becoming a member of Board of Administrators After All – The Hollywood Reporter

Twitter CEO Parag Agrawal stated Sunday night time that Elon Musk has determined to not be a part of the social media platform’s board of administrators.

“Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here,” Agrawal tweeted with the next message:

The information of his board appointment got here final week, sooner or later after it was disclosed that the Tesla and SpaceX had bought a greater than 9 % stake in Twitter for about $2.9 billion.

In a securities submitting Tuesday, Twitter stated that Musk could be named to the board as “promptly as practicable,” with a time period set to run out on the 2024 annual assembly.

At the time, Agrawal stated: “I’m excited to share that we’re appointing [Musk] to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,. He’s both a passionate believer and intense critic of the service which is exactly what we need on Twitter, and in the boardroom, to make us stronger in the long-term. Welcome Elon!”

For his half, Musk tweeted that he was “looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”

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