Twitter boss: Elon Musk will not become a member of the board of directors after all

SAN FRANCISCO (dpa-AFX) – After his surprising entry into Twitter, tech billionaire Elon Musk is not moving into the group’s board of directors. His appointment should have officially come into effect on April 9, “but Elon announced the same morning that he would no longer join the board of directors,” wrote Twitter boss Parag Agrawal on Sunday evening (local time). “I think this is for the best.” We will continue to be open to Musk’s input.

At the beginning of April, it was announced that Musk had become Twitter’s largest shareholder with a stake of 9.2 percent. At first it looked as if he wanted to be content with a passive role as an investor. Shortly thereafter, however, his convocation to the company’s board of directors became public. The prerequisites for this were a background check and formal consent, Agrawal continued.

On Saturday, Musk provocatively questioned the platform’s chances of survival. “Is Twitter dying?” Musk wrote in a tweet. He also provided the statistics for the ten Twitter accounts with the most followers and lamented: “Most of these “top” accounts rarely tweet and post very little content.”

The 50-year-old is by far the richest person in the world thanks to his holdings in Tesla and the space company SpaceX. The financial service Bloomberg currently estimates its assets at $ 288 billion. / vtc / DP / stk