Elon Musk “has decided not to join our board”, says Twitter CEO Parag Agrawal

New Delhi: Twitter CEO Parag Agrawal announced on Monday, April 11,that Elon Musk has decided not to join the board of the microblogging site.

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Parag Agrawal wrote: “Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here”

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022

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Agrawal tweeted that Musk held discussions with Twitter’s directors but Musk ultimately declined their offer of a board seat. “I believe this is for the best,” Agrawal said in an internal memo he shared on Twitter.

Last week, Twitter announced that Elon Musk will join its board, boosting hopes the Tesla boss will lift the social media company’s prospects as some observers expressed wariness of the billionaire’s influence.

Musk, who also leads the SpaceX venture and is the world’s richest man, on 4th April announced his purchase of 73.5 million shares or 9.2 percent of Twitter’s common stock, sending the company’s value up more than 27 percent on Wall Street.