U-Flip: Elon Musk Will Not Be half of Twitter’s Board of Directors

In an attention-grabbing twist of events, Tesla’s CEO – Elon Musk – made up our minds no longer to affix the board of directors of the social media platform Twitter. The firm’s Chief Government Officer – Parag Agrawal – claimed, “right here’s for the finest.”

• Final week, Elon Musk purchased better than 70,000,000 Twitter shares or 9.2% of the company’s passive stake. The transfer made him the valuable shareholder of the social media giant.
• The initiative became as soon as met with plentiful enthusiasm, and the pre-market costs of TWTR climbed by 25%, whereas the USD cost of Dogecoin (Musk’s accepted cryptocurrency) furthermore headed north.
• Concurrently with the acquisition, Tesla’s CEO became as soon as appointed to Twitter’s board of directors. The billionaire didn’t lose time and commenced giving his tips relating to the firm’s greater future. A form of proposals incorporated the implementation of Dogecoin funds.
• Alternatively, this day (April 11), Twitter’s CEO – Parag Agrawal – printed that Musk has reversed his decision to affix the board of directors. The tip executive didn’t give a rationalization for the U-turn but opined: “right here’s for the finest.” He added that Tesla’s CEO is level-headed the firm’s biggest shareholder, and as such, Twitter will “live open to his enter.”

Elon has made up our minds no longer to affix our board. I despatched a temporary cowl to the firm, sharing with you all right here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022

• It is price noting that Musk posted several tweets for the length of the old couple of days. In about a of them, he overtly criticized the social media platform. Agrawal, on his cease, mentioned that right here’s precisely what the firm wants.