Tech billionaire Elon Musk will not join the board of directors of the US company despite joining Twitter. His appointment was officially due to take effect on April 9, "but Elon announced that same morning that he would no longer be joining the board of directors," Twitter boss Parag Agrawal announced. "I think this is for the best."
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There have been many discussions within the board and with Musk about joining. Musk, however, decided against it. As he is the largest investor, Agrawal will continue to be open to his input.
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At the beginning of April it was announced that Musk had become Twitter's largest shareholder with a stake of 9.2 percent . At first it looked as if he wanted to be content with a passive role as an investor. Shortly thereafter, however, his convocation to the company's board of directors became public. The prerequisites for this were a background check and formal consent, Agrawal continued.
Musk also provocatively questioned the platform's chances of survival over the weekend. "Is Twitter dying?" Musk wrote in a tweet. He also provided the statistics of the ten Twitter accounts with the most followers and lamented: "Most of these 'top' accounts rarely tweet and post very little content."
Musk is by far the richest person in the world thanks to his holdings in Tesla and space company SpaceX. The financial service Bloomberg currently estimates his fortune at $ 288 billion.
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