SAN FRANCISCO — Elon Musk is not joining Twitter’s board after all, a reversal following last week’s revelation that he had become Twitter’s largest shareholder — and had received a subsequent appointment to the panel.
Twitter CEO Parag Agrawal announced the news in a tweet Sunday night.
“Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning he will no longer be joining the board,” Agrawal wrote. “I believe this is for the best.”
Musk, the bombastic and outspoken Tesla CEO, amassed a 9.2 percent stake in the company with transactions dating to Jan. 31.