After Elon Musk bought a 9.2 percent stake in Twitter last week, becoming its largest shareholder, company CEO Parag Agrawal said Musk will also join the board of directors. After this development, the Tesla founder began to share the changes he would make on Twitter one after the other and to express the problems he was complaining about.
While it was said that Elon Musk now officially has a say in Twitter management, now a surprise development has occurred. Parag Agrawal stated in a tweet he shared on his social media account that Musk decided not to join Twitter’s board of directors.
“I believe this is the best”
Twitter CEO Parag Agrawal said in his tweet that Elon Musk gave up on it in the morning of the day he will officially join the Twitter board. While the reason behind Musk’s decision remains unclear, Parag Agrawal stated the following in his statement on the subject:
Elon’s appointment to the board of directors was to take effect on April 9, but he announced that he would not join the board of directors the same morning. I believe this is the best. We have always valued and will always value what our shareholders have to say, whether they are on our board of directors or not. Elon is our largest shareholder and his contributions are always welcome.
Will there be a tweet edit button?
After Elon Musk became a shareholder of 9.2 percent of Twitter shares, he turned his focus to the social media platform. Musk, who has been conducting a survey on the tweet editing feature that users have been waiting for for years, asked his followers, “Do you want an edit button?” he asked and the majority said “Yes”.
This move of Tesla CEO has given some hope to users who want to see the edit button on Twitter, which exists in all social media applications including Instagram and Facebook. However, since Elon Musk is not on the company’s board of directors, he will only be able to recommend the editing feature. Management will make the final decision.
What do you think about Elon Musk, who bought shares on Twitter? You can share your views with us in the comments section or on the SDN Forum.
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