Twitter’s CEO Parag Agrawal announced late Sunday night an update on Tesla and SpaceX CEO Elon Musk after he became the Big Tech company’s largest shareholder. Click here to sign up for Todd’s free newsletter – and avoid Big Tech censorship!
Agrawal said Musk “has decided not to join our board” with a message he sent to the company.
Twitter shares immediately fell Monday morning in premarket trading, CNBC reports.
Musk shared that he didn’t want to join the board Saturday, according to Agrawal.
“I believe this is for the best,” Agrawal told employees. “We have and will always value input from our shareholders whether they are on our Board or not.”
He warned of “distractions ahead,” adding “our goals and priorities remain unchanged.”
Many Twitter employees complained that Musk would change the ultra-liberal direction Twitter has moved in over the past couple years, including “permanently suspending” former President Trump.
“The decisions we make and how we execute is in our hands, no one else’s,” Agrawal conlcuded. “Let’s tune out the noise, and stay focused on the work and what we’re building.”
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk— Parag Agrawal (@paraga) April 11, 2022
On the same day Musk told Twitter he would not join the board, he tweeted about the “top” accounts on the platform rarely engaging.
“Is Twitter dying?” Musk asked.
Most of these “top” accounts tweet rarely and post very little content.— Elon Musk (@elonmusk) April 9, 2022
Is Twitter dying? https://t.co/lj9rRXfDHE