Interesting twist: Tesla’s CEO, Elon Musk, decided to not join the board of directors for the social media platform Twitter. Parag Agrawal, the Chief Executive Officer of Tesla, stated that “this is for good.”
Elon Musk bought more than 70,000,000 Twitter shares, or 9.2% of the passive stake. Elon Musk became the largest shareholder in the social media giant. He purchased more than 70,000,000 Twitter shares, or 9.2% of its passive stake. Tesla’s CEO was also appointed to the Twitter board of directors. He didn’t waste any time and began to share his visions for the company’s future. Parag Agrawal, Twitter’s CEO, revealed today that Musk had reversed his decision not to join the board. Although the top executive didn’t give any reason, he said that it was for the best. He also stated that Tesla’s CEO is still the largest shareholder of the company and that Twitter would “remain open for his input.” Elon has decided to not join our board. I wrote a short note to the company and shared it with you all. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga), April 11, 2022
Notable is the fact that Musk has posted several tweets in the past few days. Some of his tweets openly criticised the social media platform. Agrawal said, on his part, that this is exactly the kind of thing the company needs.
Marla Brooks – Financial Analysis
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