Elon Musk does not open the door to the board of Twitter
The famous boss of Tesla and SpaceX gave up sitting on the board of Twitter, of which he is the first shareholder, announced Monday, April 11, the CEO of the social network, Parag Agrawal.
Elon Musk has decided not to join our board,” Agrawal tweeted.
“Elon’s addition to the board was supposed to become officially effective on April 9, but Elon made it known that same morning that he was no longer joining the board,” he explained in a message to Twitter staff, which he shared on the platform.
“We have and will always appreciate the participation of our shareholders, whether they are on our board or not. Elon is our largest shareholder and we will remain open to his participation,” he added.
The Tesla boss, who is a star of the global business and the richest man in the world, had announced in early April that he had taken a 9.2% stake in the capital of Twitter, making him the largest shareholder.
Elon Musk had specified in the document sent to the stock market regulator that this participation was “passive”, that is to say, that he did not intend to influence the major strategic decisions.
Long before his entry into the capital of Twitter, he was already an active user of the social network, on which he has 80.5 million followers.
But in a few months, Elon Musk has multiplied the provocations. In particular, he had conducted a survey on his profile, asking if Twitter users wanted an “edit” button, to correct a tweet after publication. Nearly 4.4 million people voted, and about 73% answered “yes”.
Twitter had then announced to test this feature, requested for years by many users.
In his last Twitter post, Elon Musk wondered if the social network was “dying”, mentioning accounts that were very followed but not very active.
According to the Washington Post, several employees of Twitter have expressed their concern that the values of the richest man in the world are not aligned with the corporate culture of the social network.