Elon Musk Won’t Join Twitter’s Board Of Directors In Spite Of Everything

Elon Musk will no longer be a part of Twitter’s board of directors, Twitter CEO Parag Agrawal revealed in a tweet. Musk’s Twitter inventory purchase was price $2.89 billion when it was revealed by the SEC, but some latest stories questioned whether he revealed his stake early enough. Last week, it was reported that Musk would join as a class II director following his purchase of 9.2 percent of the corporate’s shares, but he has now determined against the transfer. It is not clear why Musk determined not to affix Twitter’s board, especially since he seemed to be filled with ideas on how to vary the social media community. Joining the board would have restricted Musk’s purchases to 14.9 p.c of common inventory during his tenure and for ninety days afterward. Most lately, he tweeted out the concept of giving verification checkmarks to paid Twitter Blue subscribers and urged that Twitter convert its Canada office to a homeless shelter since “no-one exhibits up anyway.” He additionally ran a poll asking customers if Twitter ought to add an edit button, and just a day later, the corporate confirmed it might just do that. Musk also just lately tweeted a photograph of himself smoking cannabis on the Joe Rogan podcast on Spotify in 2018, stating the next board assembly was “going to be lit.” When his becoming a member of the board appeared imminent, Agrawal offered to address any worker considerations in a Q&A session with Musk. Musk appears to have eliminated some of his Twitter-related tweets, just like the poll and homeless shelter ones, over the previous few hours. All merchandise beneficial by Engadget are selected by our editorial crew, independent of our mother or father firm. Some of our tales embody affiliate hyperlinks. If you buy one thing via one of these links, we could earn an affiliate fee.
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