Tesla CEO Elon Musk won’t join Twitter’s board after all

SAN FRANCISCO — Elon Musk is not joining Twitter’s board just after all, a reversal adhering to final week’s revelation that he had develop into Twitter’s biggest shareholder — and had been given a subsequent appointment to the panel.

Twitter CEO Parag Agrawal tweeted the information Sunday night time, which include a memo despatched to his personnel.

“Elon’s appointment to the board was to grow to be formally efficient 4/9, but Elon shared that same early morning he will no extended be becoming a member of the board,” Agrawal wrote. “I imagine this is for the most effective.”

Elon Musk joins Twitter board, guarantees ‘significant improvements’

The shock transfer arrived less than a 7 days after Twitter experienced said the outspoken Tesla CEO would come to be a board member, immediately after he amassed a stake in the social media organization of more than 9 percent. But Twitter personnel and some others were agitated about the transfer, worrying Musk may possibly wield outsize energy to undo some moderation decisions that had been manufactured — including banning President Donald Trump.

Agrawal claimed the company will “remain open up to [Musk’s] input.” But, he extra, the “decisions we make and how we execute is in our fingers, no a person else’s,” and he urged staff to tune out “distractions.”

Twitter explained it would not remark Monday beyond Agrawal’s assertion. Musk did not react to a ask for for comment.

He tweeted an emoji of a confront with its hand over its mouth soon after the information broke. That tweet appeared to have been deleted Monday, along with quite a few other people relevant to Twitter that followed his financial commitment. Musk also favored a tweet reply to Twitter’s CEO that opined on how Musk’s departure unfolded — theorizing that Musk was instructed “to perform awesome and not talk freely” irrespective of his push for what he regarded as “free speech.”

A economic filing by Musk on Monday reflected that he would not be signing up for the board and incorporated language declaring he would be free of charge to “express his views” on social media about Twitter’s business enterprise, merchandise and expert services — to the board and management. The new filing said Musk held a 9.1 percent stake in Twitter.

Sunday’s announcement capped off an amazing and rapid series of situations that commenced months back when Agrawal stated he first engaged with Musk in talks to be a part of Twitter’s board. Agrawal final week welcomed Musk, who he named a “passionate believer and powerful critic” to Twitter — rather than struggle off an infiltration from an outside the house activist. Musk experienced only months before tweeted a meme superimposing the Twitter CEO’s confront above that of Soviet dictator Joseph Stalin.

Musk is a prolific and controversial Twitter user who has amassed a lot more than 80 million followers on the social media site. He takes advantage of his account as a bully pulpit to rally supporters of electrical car or truck corporation Tesla and aerospace outfit SpaceX. He tweets memes, conducts polls, and even engages in trolling of political figures and individuals he sights as adversaries.

His penchant for tweeting has also landed him in scorching drinking water, like a costly settlement with the Securities and Exchange Commission. Musk experienced to give up his board chairmanship of Tesla — subjecting himself and the enterprise to $20 million fines apiece — immediately after he tweeted that he had secured funding to consider the enterprise non-public at $420 a share in 2018.

Musk originally submitted to turn into a “passive” trader in Twitter, files discovered, but the future working day paperwork was filed that would change his status to turn out to be a board member.

“We had been thrilled to collaborate and obvious about the risks,” Agrawal wrote on Sunday. “We also believed that having Elon as a fiduciary of the firm in which he, like all board customers, has to act in the very best pursuits of the corporation and all our shareholders, was the greatest route forward.” Agrawal claimed Musk’s appointment was contingent on “a history verify and official acceptance.”

On Thursday, The Washington Article claimed that Agrawal was scheduling a city hall with Musk where workforce could check with him issues about his intentions and job.

Some Twitter staff members expressed reduction immediately after it was unveiled Musk would not be becoming a member of the board.

Rumman Chowdhury, director of device discovering ethics, transparency and accountability, appeared to credit Twitter with Musk’s departure in a tweet.

“I’ve held silent considering the fact that the announcement mainly because I preferred to give Twitter leadership a chance to do right by it’s staff members, and they did,” Chowdhury wrote. “Thank you.”

Musk introduced a poll the working day his financial investment became community inquiring whether Twitter must increase an edit button, something that would allow customers to edit tweets soon after publishing them. Twitter afterwards weighed in and claimed these a attribute had been in improvement for months and was not motivated by a poll.

Late final week, he tweeted a meme of himself cigarette smoking a joint with the words “Twitter’s future board meeting is gonna be lit.”

Around the weekend, Musk took purpose at quite a few aspects of the enterprise, including its reliance on promoting — even for its membership service — and the prevalence of spam accounts. He posted facts exhibiting Twitter’s top accounts and asked, “Is Twitter dying?”

Also on Saturday, the working day his board appointment was supposed to develop into official, he even took an clear dig at the company’s indefinite remote do the job coverage. He released a poll inquiring no matter whether the San Francisco workplace must be made into a homeless shelter “since no one particular reveals up anyway.” That tweet was deleted by Monday.

It experienced not been Musk’s initial poll about Twitter. Prior to his investments in the business turned public, Musk carried out polls seemingly aimed at influencing Twitter’s future.

He asked irrespective of whether Twitter’s algorithm ought to be made general public, or open-supply and a day later on, he requested regardless of whether Twitter “rigorously adheres” to absolutely free speech principles.

“Is a new system essential?” he later on asked.

Elon Musk to tackle Twitter employees right after inner outcry

Musk has emerged as one of the platform’s most substantial-profile critics, questioning its position in proscribing who and who are unable to sign up for.

After Trump was banned in the days next the Capitol assault on Jan. 6, 2021, Musk wrote that “a great deal of folks are heading to be tremendous unhappy with West Coastline high tech as the de facto arbiter of no cost speech.”

Musk’s board appointment minimal his stake in the company at 14.9 %. Now that he will not have a board seat, he is no cost to go on to commit further than that determine.

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