Elon Musk will not join Twitter board

by | April 11, 2022 14:32 | News

Elon Musk, Twitter’s biggest shareholder, has decided not to join the social media company’s board.

Musk, who disclosed a 9.2 per cent stake in the social media giant just a few days ago, was offered a seat on the board, with his appointment to become effective from Saturday.

But “Elon shared that same morning that he will no longer be joining the board”, Twitter’s Chief Executive Parag Agrawal said in a tweet on Sunday.

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 cryptocurrency.

The Tesla CEO also started a poll on his Twitter account – which has more than 81 million followers – asking whether the firm’s San Francisco headquarters should be converted to a homeless shelter as “no-one shows up (to work there)”.

The poll got more than 300,000 votes in an hour, with 90 per cent answering yes.

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