Elonas Muskas has decided not to join our board of directors: Twitter CEO Parag Agrawal

Elonas Muskas, CEO of Tesla, will not join Twitter’s board of directors, Parag Agrawal, CEO of the social media company, said on Monday. Twitter CEO Agrawal confirmed the same in a long letter, saying that Elonas Muskas in 2022. April 9 announced that he would no longer be on the board.

The expansion came just a week after Parag Agrawal, CEO of the social media website, announced that Eles Muskas, CEO of Tesla, would join the company’s board. The billionaire also recently acquired a 9.2% stake in the company and continues to become its largest shareholder. The social network has announced on Twitter that he will join the company’s board.

Meanwhile, as Twitter has been in constant discussions with the CEO of Tesla about joining the board, this post could become a major shortcoming of the microblogging site.

Twitter CEO Shares a Brief Note on Elon Musko’s Withdrawal from Twitter’s Proposal

In his remark, Agrawal added that the company is pleased with Musko’s collaboration with the company and has had a lot of discussions with the same, but he said: “We are happy to work together and we have identified the risks. We also believed that Elon, as a trustee of the Company, in which he, like all members of the Board, must act in the best interests of the Company and all of our shareholders, was the best way forward. The board offered him a seat. ”

“On Tuesday, we announced that Elon would be appointed to the board after a background check and official consent. Elon’s appointment to the board was supposed to officially take effect on 4/9, but the same morning Elon shared that he would no longer be on the board. I believe this is the best. We value and will always value the contribution of our shareholders, whether they are on our board or not. Elon is our largest shareholder and we will remain open to his contribution, “he added.

Also arguing that there will be no distraction and that the company’s goals and priorities will not change, Agrawal said: “Our decisions and how we perform are in the hands of us, no one else. Let’s quench the noise and stay focused. and what we build. ”

Image: AP / Twitter / @ParagA

Godfrey Kemp

"Bacon fanatic. Social media enthusiast. Music practitioner. Internet scholar. Incurable travel advocate. Wannabe web junkie. Coffeeaholic. Alcohol fanatic."

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