Home LATEST NEWS HIGH TECH Elon Musk finally gives up his seat on Twitter’s board of directors

Elon Musk finally gives up his seat on Twitter’s board of directors


Elon Musk has decided not to join our board of directorstweeted Mr. Agrawal.

Elon’s arrival on the board was to become officially effective on April 9, but Elon let it be known that same morning that he was no longer joining the board.he explained in a message to Twitter staff, which he posted on the platform.

I believe it’s for the besthe added.

We have enjoyed and will always appreciate the participation of our shareholders, whether on our board or not. Elon is our largest shareholder and the board will remain open to his participationMr. Agrawal continued.

Right after this announcement, Elon Musk tweeted a giggling emoji, with no accompanying text.

Mixed signals

The richest man in the world announced in early April that he had taken a 9.2% stake in the capital of Twitter, making him the largest shareholder.

He first specified in the document sent to the stock market regulator that this participation was passive, that is to say that he did not intend to influence major strategic decisions. He had also undertaken not to increase his stake beyond 14.9%.

But the announcement, subsequently, of his entry to the board of directors of Twitter had been applauded by the markets, which had seen it as a sign that the billionaire finally intended to get involved in the group’s strategy.

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A Twitter star

Elon Musk is a very active user of the social network, on which he has 80.5 million subscribers.

He speaks there almost every day about his companies, from Tesla (electric cars) to SpaceX (spaceflight), via Neuralink (brain implants), and does not hesitate to make jokes or to provoke controversy.

He also uses his account a lot to survey Internet users, among other things about his sales of Tesla shares or, more recently, to find out if they believe that Twitter respects the freedom of expression of Internet users, a question to which a majority answered no.

The entrepreneur has repeatedly criticized the platform on this subject, believing that it went too far in content moderation.

The entertainment by Elon Musk

Since the announcement of his entry into the capital, Elon Musk has multiplied the provocations. In particular, he carried out a survey to ask if Twitter users wanted a button to modify, to correct a tweet after posting. Nearly 4.4 million people voted, and about 73% said yes.

The platform then announced that it was testing this feature, which many Internet users have been asking for for years.

On Saturday, Elon Musk wondered if the social network was dyingmentioning highly followed but not very active accounts.

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Most of these “super” accounts rarely tweet and post little content. Is Twitter Dying?, he wrote in the caption of a screenshot of the list of the 10 profiles with the most subscribers. He notably noted that the singer Justin Bieber, in second position, had tweeted only once this year.

On Sunday, he made two more suggestions: Remove the “w” in twitter? (with, as a choice of answers, yes Where sure) and Convert Twitter headquarters in San Francisco into a shelter for homeless people since no one is going there anyway? More than 90% of the 1.9 million people who voted said yes.

He then proposed changes to the paid subscription formula of the social network, Twitter Blue.

There will be distractions in the future, but our goals and priorities remain unchanged. The decisions we make and how we execute them are in our hands, and no one else’s.Parag Agrawal said in his message to staff.

According to washington postseveral people within the staff of Twitter would have expressed their concern, believing in particular that the values ​​of the richest man in the world were not aligned with the corporate culture of the social network.

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