“Elon’s appointment to the board was to grow to be 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 imagine that is for the perfect.”
The shock transfer got here lower than per week after Twitter had stated the outspoken Tesla CEO would grow to be a board member, after he amassed a stake within the social media firm of greater than 9 p.c. However Twitter workers and others had been agitated over the transfer, worrying Musk would possibly wield outsize energy to undo some moderation choices that had been made — together with banning 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 fingers, nobody else’s,” and he urged employees to tune out “distractions.”
Twitter stated it might not remark Monday past Agrawal’s assertion. Musk didn’t 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 advised “to play good and never converse freely” regardless of his push for what he considered “free speech.”
A monetary submitting by Musk on Monday mirrored that he wouldn’t be becoming a member of the board and included language saying he can be free to “categorical his views” on social media about Twitter’s enterprise, services — to the board and administration. The new submitting stated Musk held a 9.1 p.c stake in Twitter.
Sunday’s announcement capped off a rare and fast 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 known as a “passionate believer and intense critic” to Twitter — moderately 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 web site. He makes use of his account as a bully pulpit to rally supporters of electrical automobile 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 Change 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 grow to be a “passive” investor in Twitter, paperwork revealed, however the subsequent day paperwork was filed that will alter his standing to grow to be a board member.
“We had 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 perfect pursuits of the corporate and all our shareholders, was the perfect path ahead.” Agrawal stated Musk’s appointment was contingent on “a background verify and formal acceptance.”
On Thursday, The Washington Publish reported that Agrawal was scheduling a city corridor with Musk the place workers may ask him questions on his intentions and position.
Some Twitter workers expressed reduction after it was revealed Musk wouldn’t be becoming a member of the board.
Rumman Chowdhury, director of machine studying ethics, transparency and accountability, appeared to credit score Twitter with Musk’s departure in a tweet.
“I’ve saved quiet because the announcement as a result of I needed to offer Twitter management an opportunity to do proper by it’s workers, they usually did,” Chowdhury wrote. “Thanks.”
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 enable customers to edit tweets after posting them. Twitter later weighed in and stated such a characteristic had been in growth 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 points 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 prime accounts and requested, “Is Twitter dying?”
Additionally on Saturday, the day his board appointment was purported to grow 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 ought to 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 polls seemingly geared toward influencing Twitter’s future.
He requested whether or not Twitter’s algorithm ought to be made public, or open-source; and a day later, he requested whether or not Twitter “rigorously adheres” to free speech rules.
“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 not be part of.
After Trump was banned within the days following the Capitol assault on Jan. 6, 2021, 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 won’t have a board seat, he’s free to proceed to speculate past that determine.