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SAN FRANCISCO — Elon Musk is just not becoming a member of Twitter’s board in spite of everything, a reversal following final week’s revelation that he had develop into Twitter’s largest shareholder — and had acquired a subsequent appointment to the panel.Twitter CEO Parag Agrawal tweeted the information Sunday night time, together with a memo despatched to his workers.“Elon’s appointment to the board was to develop into formally efficient 4/9, however Elon shared that very same morning he’ll now not be becoming a member of the board,” Agrawal wrote. “I consider that is for the most effective.”Elon Musk joins Twitter board, guarantees ‘important enhancements’The shock transfer got here lower than every week after Twitter had stated the outspoken Tesla CEO would develop into a board member, following his quietly amassing a 9.2 p.c 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 choices that have been made — together with banning former president Donald Trump.Agrawal stated the corporate will “stay open to [Musk’s] enter.” However he added, the “choices we make and the way we execute is in our arms, nobody else’s,” and he urged workers to tune out “distractions.”Twitter stated it could not remark Sunday night time 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 favored 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 communicate freely” regardless of his push for what he thought to be “free speech.”Sunday’s announcement capped off a rare and speedy collection of occasions that started weeks in the past when Agrawal stated he first engaged with Musk in talks to hitch Twitter’s board. Agrawal final week welcomed Musk, who he referred to as a “passionate believer and intense critic” to Twitter — moderately than battle off an infiltration from an outdoor 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 consumer who has amassed greater than 80 million followers on the social media web site. 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 scorching water, together with a pricey settlement with the Securities and Trade 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 develop into a so-called “passive” investor in Twitter, paperwork revealed, however the subsequent day paperwork was filed that will alter his standing to develop into 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 most effective pursuits of the corporate and all our shareholders, was the most effective path ahead.” Agrawal stated Musk’s appointment was contingent on “a background verify and formal acceptance.”On Thursday, The Washington Submit reported that Agrawal was scheduling a city corridor with Musk the place staff may 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 will permit customers to edit tweets after posting them. Twitter later weighed in and stated such a function 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 goal 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 information displaying Twitter’s high accounts and requested “Is Twitter dying?”Additionally on Saturday, the day his board appointment was alleged to develop into 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 reveals 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 carried out 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.Elon Musk to handle Twitter workers after inside outcryMusk has emerged as one of many platform’s most high-profile critics, questioning its position in limiting who and who can’t be a 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 p.c. Now that he is not going to have a board seat, he’s free to proceed to take a position past that determine.
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