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Twitter Shares Fall After Elon Musk Ditches Potential Board Role


In major reversal, Elon Musk is not joining Twitter board

Elon Musk, the world’s wealthiest man and the largest shareholder of Twitter, will no longer be joining the social media firm’s board, CEO Parag Agrawal said late Sunday, in a surprising reversal following last week’s announcement that the Tesla and SpaceX chief executive had been appointed to the panel. The Sunday disclosure from Agrawal, who said last week that he had been engaging with Musk for “a few weeks” before announcing his appointment to the board, follows a series of unusual tweets from the SpaceX executive over the weekend in which he wondered aloud to his over 80 million followers if Twitter was dying, citing low frequency of tweets from some of the most popular personalities on the social network. Musk also asked his followers if Twitter should convert its San Francisco headquarters into a homeless shelter, prompting a discussion that saw participation from a wide-range of industry figures, including Amazon and Blue Origin founder Jeff Bezos.

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