Elon Musk decides against joining Twitter board

Elon Musk is not going to to affix Twitter’s board of administrators, reversing course simply days after he turned its largest shareholder and was provided the seat.

Parag Agrawal, the social media firm’s chief govt, tweeted that Musk was meant to have been formally appointed to the board on Saturday, a number of days after the information was first introduced.

However the Tesla chief govt then “shared that same morning that he will no longer be joining the board”, Agrawal stated, with out giving additional particulars.

Agrawal added that he believed this was “for the best”, and that the corporate would “remain open to [Musk’s] input”.

Twitter’s shares jumped almost 30 per cent final Monday, when a submitting on the US Securities and Change Fee revealed Musk, one in all Twitter’s most prolific customers, had acquired a passive 9.2 per cent stake. Its shares rose near 10 per cent the next day, when the board appointment was first introduced.

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