Elon Musk will eventually not be a member of Twitter’s board of directors

Tesla founder Elon Musk will eventually not be a member of Twitter’s board of directors, despite announcing the opposite when it was learned that he had acquired 9.2% of the messaging platform and became the largest shareholder. Company, Business.

Twitter CEO Parag Agrawal, who announced last Tuesday that Muskie would join the board of directors, was responsible for posting the opposite news on Twitter. “Elon was officially appointed to the board of directors on April 9, but Elon announced the same morning that he would no longer join the board,” Agraval wrote on social media.

Agrawal was shown last Tuesday, and also on Twitter, “excited” to announce that Musk would join Twitter’s board of directors and expect it to bring “great value” to the company. Agrawal says it is Muskie’s own decision and he believes his decision is right. “I think this is the best,” the Twitter CEO added.

Musk’s only reaction to Agrawal’s statement was to post a tweet with a kind of emoticon covering his hand over his mouth.

Following the businessman’s next appointment on April 5, Twitter shares also rose before the opening of the New York Stock Exchange, a continuous market for e-commerce.

A day earlier, Musk announced its acquisition of 9.2% of the technology platform, raising the company’s shares and closing 27.12% higher than the previous close.

The billionaire, who currently owns nearly 73.5 million shares of the messaging company, has become a critic of the social network and questioned whether its rules “strictly” upheld the principle of freedom of expression.

Such criticism has raised suspicions in some quarters, including Twitter employees themselves, who feared Muskie would use excessive power in the company to change its ethical standards, including banning the former U.S. president. Donald Trump, because his messages facilitate the attack on the Capitol on January 6, 2021.