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| Joe Rogan YouTube |
Mega-billionaire Elon Musk is no longer joining Twitter’s board of directors, but that doesn’t mean he’s giving up on reforming the tyrannical Big Tech company as some corporate media outlets have speculated.
Twitter’s pro-censorship CEO Parag Agrawal announced Musk’s decision on Monday. Agrawal pledged that Twitter “will remain open to [Musk’s] input” but said his absence from the board is “for the best.”
Musk became Twitter’s largest shareholder earlier this month after purchasing a 9.2 percent share of the company. Shortly after the monumental buy, Agrawal announced Musk would join the Silicon Valley giant’s board of directors.
Musk, a longtime critic of Twitter and Agrawal, appeared eager to implement changes that would benefit users feeling overshadowed by the company’s censorship track record. Even before he bought 73.5 million shares of Twitter’s stock, Musk polled his followers on how well the social media platform supports free speech as “essential to a functioning democracy” and hinted that “the consequences of this poll will be important.” --->READ MORE HERE
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| John Raoux / AP |
Elon Musk, CEO of Space X and Tesla, bought a huge share of Twitter but has turned down a seat on the social media giant’s board.
This has everyone asking, is Musk positioning himself to take over Twitter?
Elon Musk bought 9.2 percent of Twitter, which makes him the largest shareholder in the social media company, CNN reported.
Many then assumed that his next move would be to join the Twitter board. But he has opted out of taking a seat, ABC News reported.
“Elon’s appointment to the board was to become officially effective on April 9, but Elon shared that same morning that he would not be joining the board. I believe this is for the best,” Twitter CEO Parag Agrawal announced.
Many assumed Musk would be joining the board since he tweeted over the weekend several suggestions for changes to Twitter, such as making it ad free, even though 90 percent of Twitter’s 2021 revenue came from advertisement, ABC News reported.
Agrawal said that Twitter’s board understood the risks of having Musk as a member. But the board “believed having Elon as a fiduciary of the company, where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward,” Agrawal wrote. --->READ MORE HEREFollow links below to related stories:
Elon Musk will not join Twitter board of directors, voiding pledge not to take over the company
Elon Musk Is NOT Joining the Twitter Board After All, and That’s Good News
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