04/11/2022

Elon Musk Will Not Join Twitter’s Board, Company Says

This reverses a decision last week

<p"Elon Musk, the world’s wealthiest man and the biggest shareholder of Twitter, will no longer join the social media service’s board of directors, the company said late Sunday.

The move capped a whirlwind week at Twitter that had been set off by Musk, 50. On Tuesday, Twitter announced that the billionaire would be appointed to its 11-person board for a term that expires in 2024. The invitation to join the board followed Musk's accumulating a 9.2 percent stake in the company, making him its largest shareholder.

But Parag Agrawal, Twitter’s chief executive, tweeted late Sunday that the situation had changed. On Saturday morning, Musk — who is a heavy Twitter user with more than 81 million followers — told the company he would no longer become a board member, Agrawal said.

Please select this link to read the complete article from The New York Times.