Elon Musk won’t be joining Twitter’s Board of Directors, a move that was announced last week. In a tweet late Sunday night, Twitter CEO Parag Agrawal revealed that Musk was due to join the board on April 9, but the same morning, Musk shared he had decided not to join the board. Agrawal said, “I believe this is for the best.”
“We will always value input from our shareholders, whether they are on our Board or not,” Agrawal’s tweet continued. Elon Musk continues to be the largest shareholder of Twitter, Agrawal said. To recall, early last week Musk had revealed in a regulatory filing that he had a 9.2 percent stake in Twitter.