ELON MUSK IS NOT JOINING TWITTERS BOARD
In a tweet sent out by Twitter CEO Parag Agrawal he announced first that Elon Musk would be joining the Twitter Board of Directors on April 5th pending formal approval and a background check. Not even a full week later Sunday (April 10th) Agrawal went back to his platform to announce that Musk has abandoned his plan to join the board.
In his Twitter post which you can see both is announcement and retraction.
"We announced on Tuesday that Elon would be appointed to the board contingent on a background check and formal acceptance. Elon's appointment to the board was to become officially effective 4/9 but Elon shared the same morning that he will no longer be joining the boar. I believe this is for the best...Elon is our biggest shareholder and we will remain open to his input"
After Elon's announcement The social media company’s stock briefly tumbled over 8% to less than $43 a share at 4 a.m. ET before recovering slightly. At 7:09 a.m. ET, shares were down just 0.13% at $46.10.