FP StaffApr 11, 2022 09:43:34 IST
Tesla CEO Elon Musk “has determined to not be a part of” the board of Twitter, Parag Agarwal, Chief Govt Officer of the micro-blogging mentioned.
Elon has not too long ago purchased 9.2 per cent stake in Twitter and later it was introduced that he’ll be a part of the board of platform. The billionaire was anticipated to affix the Twitter’s board on 9 April, 2022, nonetheless, on the identical morning, he had mentioned that “he’ll not be becoming a member of”.
Twitter CEO Parag Agarwal shared a prolonged submit on Twitter the place he gave the main points of what had occurred. “Elon has determined to not be a part of our board. I despatched a short be aware to the corporate, sharing with you all right here.” he mentioned.
Agarwal mentioned the board and he had a number of spherical of discussions about Elon Musk becoming a member of the Twitter board. A seat was additionally supplied to Elon Musk.
Twitter CEO Parag Agarwal on Elon Musk not becoming a member of Twitter board
“The (Twitter) board and I had many discussions about Elon becoming a member of the board, and with Elon straight. We had been excited to collaborate and clear concerning the dangers. We additionally believed that having Elon as a fiduciary of the corporate the place he, like all board members, has to behave in one of the best curiosity of the corporate and all our shareholders, was one of the best path ahead. The board supplied him a seat,” Parag Agrawal mentioned.
“We introduced on Tuesday that Elon (Musk) could be appointed to the Board contingent on a background examine and formal acceptance. Elon’s appointment to the board was to turn out to be formally efficient 4/9 (9 April, 2022), however Elon shared that very same morning that he’ll not be becoming a member of the board,” Twitter CEO mentioned.
Elon has determined to not be a part of our board. I despatched a short be aware to the corporate, sharing with you all right here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
Parag Agarwal additional mentioned, “I imagine that is for one of the best. We now have and can all the time worth enter from our shareholders whether or not they’re on our Board or not. Elon is our greatest shareholder and we’ll stay open to his enter.”
Twitter CEO Parag Agarwal added, “There will likely be distractions forward, however our targets and priorities stay unchanged. The selections we make and the way we execute is in our fingers, nobody else’s. Let’s tune out the noise, and keep targeted on the work and what we’re constructing.”
On Thursday, 8 April, 2022, a day earlier than Elon Musk was to affix Twitter board, Parag Agarwal had written a electronic mail to all his workers during which he mentioned, “We are saying that Twitter is what’s taking place and what persons are speaking about proper now.”
“Usually, we (at) Twitter are what’s taking place and what persons are speaking about. That has actually been the case this week… Following our board announcement, lots of you may have had various kinds of questions on Elon Musk, and I wish to welcome you to ask these inquiries to him,” the e-mail learn.
A couple of weeks again, Elon in a submit on Twitter had mentioned that he was contemplating constructing his personal social media platform. He even had criticised Twitter’s content material moderation insurance policies.
With inputs from businesses
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