“Elon’s appointment to the board was to turn out to be formally efficient 4/9, however Elon shared that very same morning he’ll not be becoming a member of the board,” Agrawal wrote. “I imagine that is for the very best.”
The shock transfer got here lower than per week after Twitter had mentioned the outspoken Tesla CEO would turn out to be a board member, following his quietly amassing a 9.2 % stake within the social media firm. However Twitter staff and others agitated over the transfer, worrying Musk may wield outsize energy to undo some moderation selections that have been made — together with banning former president Donald Trump.
Agrawal mentioned the corporate will “stay open to [Musk’s] enter.” However he added, the “selections we make and the way we execute is in our fingers, nobody else’s,” and he urged workers to tune out “distractions.”
Twitter mentioned it will not remark Sunday evening past Agrawal’s assertion. Musk didn’t instantly reply to a request for remark.
He tweeted an emoji of a face with its hand over its mouth shortly after the information broke. That tweet appeared to have been deleted Monday, together with a number of others associated to Twitter that adopted his funding. Musk additionally preferred a tweet reply to Twitter’s CEO that opined on how Musk’s departure unfolded — theorizing that Musk was instructed “to play good and never converse freely” regardless of his push for what he considered “free speech.”
Sunday’s announcement capped off a unprecedented and speedy collection of occasions that started weeks in the past when Agrawal mentioned he first engaged with Musk in talks to affix Twitter’s board. Agrawal final week welcomed Musk, who he known as a “passionate believer and intense critic” to Twitter — slightly than struggle off an infiltration from an out of doors activist. Musk had solely months earlier tweeted a meme superimposing the Twitter CEO’s face over that of Soviet dictator Joseph Stalin.
Musk is a prolific and controversial Twitter person who has amassed greater than 80 million followers on the social media website. He makes use of his account as a bully pulpit to rally supporters of electrical automotive firm Tesla and aerospace outfit SpaceX. He tweets memes, conducts polls, and even engages in trolling of political figures and people he views as adversaries.
His penchant for tweeting has additionally landed him in sizzling water, together with a pricey settlement with the Securities and Alternate Fee. Musk had to surrender his board chairmanship of Tesla — subjecting himself and the corporate to $20 million fines apiece — after he tweeted that he had secured funding to take the corporate personal at $420 a share in 2018.
Musk initially filed to turn out to be a so-called “passive” investor in Twitter, paperwork revealed, however the subsequent day paperwork was filed that might alter his standing to turn out to be a board member.
“We have been excited to collaborate and clear concerning the dangers,” Agrawal wrote on Sunday. “We additionally believed that having Elon as a fiduciary of the corporate the place he, like all board members, has to behave in the very best pursuits of the corporate and all our shareholders, was the very best path ahead.” Agrawal mentioned Musk’s appointment was contingent on “a background test and formal acceptance.”
On Thursday, The Washington Submit reported that Agrawal was scheduling a city corridor with Musk the place staff might ask him questions on his intentions and position.
Musk launched a ballot the day his funding grew to become public asking whether or not Twitter ought to add an edit button, one thing that might permit customers to edit tweets after posting them. Twitter later weighed in and mentioned such a characteristic had been in improvement for months and was not influenced by a ballot.
Late final week he tweeted a meme of himself smoking a joint with the phrases “Twitter’s subsequent board assembly is gonna be lit.”
Over the weekend, Musk took purpose at quite a few features of the corporate, together with its reliance on promoting — even for its subscription service — and the prevalence of spam accounts. He posted knowledge exhibiting Twitter’s high accounts and requested “Is Twitter dying?”
Additionally on Saturday, the day his board appointment was alleged to turn out to be official, he even took an obvious dig on the firm’s indefinite distant work coverage. He launched a ballot asking whether or not the San Francisco workplace must be made right into a homeless shelter “since nobody exhibits up anyway.” That tweet was deleted by Monday.
It had not been Musk’s first ballot about Twitter. Earlier than his investments within the firm grew to become public, Musk performed a collection of polls seemingly geared toward influencing Twitter’s future.
He requested whether or not Twitter’s algorithm must be made public, or open-source; and a day later he requested whether or not Twitter “rigorously adheres” to free speech ideas.
“Is a brand new platform wanted?” he later requested.
Musk has emerged as one of many platform’s most high-profile critics, questioning its position in proscribing who and who can’t be part of.
After Trump was banned within the days following the Jan. 6 Capitol riots, Musk wrote that “lots of people are going to be tremendous sad with West Coast excessive tech because the de facto arbiter of free speech.”
Musk’s board appointment restricted his stake within the firm at 14.9 %. Now that he won’t have a board seat, he’s free to proceed to speculate past that determine.