There has been a lot of news and criticism surrounding Elon Musk’s recent acquisition of Twitter shares, which has made him the company’s majority shareholder.
Most notably, Twitter CEO Parag Agarwal announced that Musk would be invited to join Twitter’s board of directors, saying it would “bring value” to the billionaire’s team and called him an “enthusiastic believer” and a “fierce critic”.
But towards the end of Sunday, Agarwal announced that Mask would not join the board as planned.
Related: Twitter CEO warns of ‘consequences’ of Musk’s latest poll: ‘Please vote carefully’
Agarwal tweeted a note, which he said he shared internally with the party, explaining what had happened and mentioning that Musk had been offered a seat on the board, which took effect on April 9.
Elon has decided not to join our board. I sent a short note to the company, sharing it with all of you here. pic.twitter.com/lfrXACavvk
– Pollen Agarwal (8 Parga) April 11, 2022
“Elon shared that morning that he would not be joining the board again. I believe this is for the best, “wrote the CEO of Twitter.” Whether our shareholders are on our board or not, we have received input from them and will always value it. Elon is our largest shareholder and we will be open to his input.
Agarwal also resolved the turmoil that followed the acquisition of more than 9% of the Musk Company.
“There will be scattering ahead, but our goals and priorities will remain unchanged. The decisions we make and how we implement them are in our hands, not anyone else’s, “he said. “Let’s stop making noise, and stay focused on work and what we’re creating.”
Related: Kasturi’s net worth soared on Monday that he could buy Jeff Bezos megawatts 38 times
Many have noted that Agarwal’s note further states that Musk must pass a background check to obtain the seat, assuming that his hesitation to fill one may be one of the reasons he declined the seat, although Musk did not confirm anything.
Musk posted another infamous Twitter poll (since it was deleted), asking followers if Twitter’s headquarters in San Francisco should be converted into a homeless shelter “since no one shows up.”
Musk vote Catch the eyes Longtime rival and fellow billionaire Jeff Bezos, who responded to Musk by saying that Twitter had suggested converting a “part” of his space into a homeless shelter, as Amazon did at its Seattle headquarters.
“It makes it easier for employees who have done great work and want to volunteer,” Bezos told Musk, who responded with a “great idea” in a subsequent tweet.
Amazon’s shelter, called the Mary’s Place Family Center, opened shortly after the epidemic began in March 2020, the company said, adding that it was “life-saving for families facing homelessness.”
The facility can accommodate 200 people per night and 1,000 people per year.
Do billionaires share ideas for good? We’ll take it!
Twitter was down about 34% year-over-year until Monday afternoon.