Elon Musk Has Decided Not to Join Twitter Directors Board
Elon Musk will not join Twitter board
Elon Musk will not join the board of directors of Twitter, nearly a week after a filing showed that the Tesla CEO had purchased a 9.2% stake in the $37 billion company.
“Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning he will no longer be joining the board. I believe this is for the best,” Twitter CEO Parag Agrawal confirmed in a tweet.
“We were excited to collaborate and clear about the risks. We also believed that Elon as a fiduciary of the company where he, like all board members, has to act in the best interest of the company and all our shareholders, was the best path forward,” Agrawal stated.
Last week, Twitter said in a regulatory filing on Tuesday its top shareholder and Elon Musk will be appointed to the company’s board.
On March 24, Elon Musk wrote, “I’m worried about de facto bias in “the Twitter algorithm” having a major effect on public discourse.” He then tweeted a poll asking whether Twitter’s algorithm should be open source.
At the time, former Twitter CEO Jack Dorsey replied, “The choice of which algorithm to use (or not) should be open to everyone.”
Musk has also had concerns about whether Twitter is maintaining free speech on its platform. On March 26, he asked if a new platform was needed. When another Twitter user asked if he was considering building a new social media platform that would consist of an open-source algorithm and promote free speech, Musk replied that he was giving it serious thought.
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Elon Musk Has Decided Not to Join Twitter Directors Board
Elon Musk will not join Twitter board
Elon Musk will not join the board of directors of Twitter, nearly a week after a filing showed that the Tesla CEO had purchased a 9.2% stake in the $37 billion company.
“Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning he will no longer be joining the board. I believe this is for the best,” Twitter CEO Parag Agrawal confirmed in a tweet.
“We were excited to collaborate and clear about the risks. We also believed that Elon as a fiduciary of the company where he, like all board members, has to act in the best interest of the company and all our shareholders, was the best path forward,” Agrawal stated.
Last week, Twitter said in a regulatory filing on Tuesday its top shareholder and Elon Musk will be appointed to the company’s board.
On March 24, Elon Musk wrote, “I’m worried about de facto bias in “the Twitter algorithm” having a major effect on public discourse.” He then tweeted a poll asking whether Twitter’s algorithm should be open source.
At the time, former Twitter CEO Jack Dorsey replied, “The choice of which algorithm to use (or not) should be open to everyone.”
Musk has also had concerns about whether Twitter is maintaining free speech on its platform. On March 26, he asked if a new platform was needed. When another Twitter user asked if he was considering building a new social media platform that would consist of an open-source algorithm and promote free speech, Musk replied that he was giving it serious thought.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
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