Elon Musk decides not to join Twitter board

Reuters
April 11, 2022 12:25 MYT

Musk, who disclosed a 9.2 pct stake in Twitter just a few days ago, was offered a board seat and his appointment was to become effective on Saturday. - REUTERS

Elon Musk, Twitter Inc's TWTR.N biggest shareholder, has decided not to join the social media company's board, Chief Executive Parag Agrawal said in a tweet on Sunday.

Musk, who disclosed a 9.2% stake in Twitter just a few days ago, was offered a board seat and his appointment was to become effective on Saturday.

But "Elon shared that same morning that he will no longer be joining the board", Agrawal said in a note on Twitter.

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022

An error occurred while retrieving the Tweet. It might have been deleted.

Musk had on Saturday suggested changes to Twitter Blue premium subscription service, including slashing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin.

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