Turn of events, Elon Musk does not join the Board of Directors of Twitter

This is the event that is shaking the digital world at the beginning of April 2022, Elon Musk, was to join the Board of Directors of Twitter, after having acquired 9.2% of the shares of the social network. This appointment was supposed to be finalized on Saturday April 9, but three days later, Parag Agrawal, CEO of the company, published a message on the social network to explain that it would not be.

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Parag Agrawal made it known that it was the decision of Elon Musk himself commenting, “ I think it’s for the best. We have always appreciated and will always appreciate the contribution of our shareholders, whether or not they are part of our Board of Directors. “.

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With his 9.2% stake, the equivalent of $2.89 billion, Elon Musk became Twitter’s largest shareholder. Encouraging Parag Agrawal to offer him this place on the Board of Directors on April 5, for a current term until 2024. A news welcomed by Jack Dorsey, former CEO and co-founder of Twitter, but also by the markets.

The arrival of Musk at the head of the social network, in full transition since the departure of Dorsey, is that of the richest man in the world, but also of a tireless twittos. With his 81 million subscribers, Musk is among the 10 most followed accounts, it must be admitted that the richest man in the world is particularly active.

He comments and relays the prowess of his companies, SpaceX, Neuralink Tesla, until having problems with the American stock market policeman, responds to users, jokes, trolls and regularly finds himself at the heart of controversy.

True to form, upon the announcement of his rise in the capital of Twitter, he multiplied the suggestions and jokes, sometimes difficult to discern. He launched a poll for or against implementing an edit button, made official the next day, proposed tweaks to paid Twitter Blue, removed the w from Twitter, turned the company’s San Francisco headquarters into a homeless shelter, since no one was going there, wondered if the social network was not dying because the biggest accounts like Justin Bieber no longer publish…

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In reaction to Parag Agrawal’s lengthy message, Elon Musk simply replied with a giggling emoji, reports the New York Times. It has obviously since been deleted. No reason was given for this about-face.

the washington post evokes employees who are not very enthusiastic about the arrival of Elon Musk. The latter would not, at the time, have values ​​compatible with those of the company. The other data to take into account is the breach of the contract committing Musk not to exceed 14.9% of the shares of Twitter, against this chair on the Board of Directors. From now on, this limit could not exist.

The adventure between Elon Musk and Twitter does not seem to be over, far from it. As if Parag Agrawal anticipated this, he wrote to his employees, ” There will be distractions in the future, but our goals and priorities remain unchanged. The decisions we make and how we execute them are in our hands, and no one else’s. “.