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Last week it was announced that it became the largest shareholder by buying 9.2% of Twitter. Elon Musk He would also join the company’s board of directors. In
Last week it was announced that it became the largest shareholder by buying 9.2% of Twitter. Elon Musk He would also join the company’s board of directors. In fact, Twitter CEO Parag Agrawal said in a statement that Elon Musk become a board member Musk also announced that he is looking forward to working together.
But today things have turned around. Twitter CEO Parag Agrawal in his new announcement this morning Elon Musk will not join the board of directors explained. Along with this announcement, the CEO also shared the message he sent to the company’s employees. This post also shared why Musk did not step on the board of directors.
The news that Elon Musk would not join the Twitter board led to a sale of Twitter shares in trades made before the stock exchanges opened. So much so that Twitter’s share value, It lost almost 8% of its value. But with the opening of the stock markets, this situation changed.
With the exchanges opening at 4.30pm TSI, Twitter shares have been in demand. Twitter shares, which plunged to the $44.70 level, rose to $47.5 once the markets opened. At the previous close, Twitter’s share was $46.2. In other words, Twitter stock gained nearly 3% compared to Friday, April 8. We will be monitoring the stock market closely in the coming hours.
“Elon has decided not to join our board of directors. I sent a short note to the company and shared it with you here.
(Shared comment) The team has decided not to join our board of directors of Elon Musk. Here’s what I can share about what happened.
The board of directors, myself and Elon immediately had many conversations about Elon’s joining the board. We were enthusiastic about the collaboration and openness about the risks. Also, like all board members, we believed it was best to have Elon as the trustee of a company that must act in the best interest of the company and all of our shareholders. The board offered him a seat.
On Tuesday, we announced that Elon will be appointed to the Board of Directors, pending a background check and formal acceptance. Elon’s appointment to the board of directors was scheduled to take effect on April 9, but Elon announced that same morning that he would no longer be serving on the board. I believe this is the best. We always value the input of our shareholders, whether they are members of our Board of Directors or not. Elon is our largest shareholder and we will be open to his contributions.
There will be distractions ahead, but our goals and priorities have not changed. The decisions we make and how we execute them are in our hands, nobody else’s. Let’s reduce the noise and focus on our business and what we are building.”
“Welcome Elon Musk!”
“Welcome to the Twitter board, Elon Musk! We’re all excited to work with you and build the future of Twitter together.”
“I’m very happy that Elon has joined the Twitter board! He is very interested in our world and Twitter’s role in it. Parag and Elon lead with their hearts and they will be a great team.”
Source: Web Tekno
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
