In a tweet Sunday night, Twitter Chief Executive Parag Agrawal said Musk "has decided not to join our board."
In a tweet Sunday night, Twitter TWTR Chief Executive Parag Agrawal said Musk “has decided not to join our board.”
In a tweet Sunday night, Twitter TWTR Chief Executive Parag Agrawal said Musk “has decided not to join our board.” It was unclear why Musk, the CEO of Tesla Inc. TSLA and SpaceX, refused the board seat. Adding Musk would have restricted how big a stake in the company he could own. Musk could now do anything from selling his stake to potentially pursuing a hostile takeover of the company.
Agrawal said in his tweet that while he and the board had been “excited” to add Musk, “I believe this is for the best,” adding that “Elon is out biggest shareholder and we will remain open to his input.”
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