• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Elon Musk Will No Longer Be Joining Twitter’s Board, Here’s What We Know

Ibhadojemu Emmanuel by Ibhadojemu Emmanuel
April 11, 2022
in Uncategorised
Share on FacebookShare on Twitter

In a surprising turn of events, the CEO of Tesla – Elon Musk will no longer be joining Twitter’s board as previously reported. Twitter’s Chief Executive Officer Parag Agrawal made the announcement during the late hours of Sunday. The CEO had earlier stated that the decision to appoint Elon Musk as a member of Twitter’s board has come after engaging the billionaire for a few weeks.

Elon Musk owns the largest stake in Twitter. In Twitter’s 13G filing, the company indicated that Elon Musk owned a passive stake in the company and isn’t trying to gain control over Twitter. Another filing that followed about 24 hours later, a 13D, confirmed that the billionaire wanted to be more active in Twitter’s operations and showed that Elon Musk owns 73,115,038 Twitter shares which translates to 9.1 percent of Twitter, as of last week Tuesday’s close.

Elon Musk should have become a member of Twitter’s seat on Saturday but the billionaire influencer tuned down the seat that same Saturday. He is still listed as a Twitter board member as the company’s investor page has not been updated.

A Sunday tweet from Twitter’s CEO reads “We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance. Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board.”

“We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input,” he added.

In what is being tagged an official response from Elon Musk, the Tesla and Space X CEO tweeted an already deleted tweet that had just a single emoji which means that one was either shocked or surprised.

If he had joined Twitter’s board, Elon Musk would have only been able to own a 14.9 percent stake in Twitter while he served or 90 days after serving on the board. He also would have been on the board till the year 2024. Jack Dorsey, the founder of Twitter, has tweeted after the announcement of Elon Musk joining Twitter board that “I’m really happy Elon is joining the Twitter board! He cares deeply about our world and Twitter’s role in it. Parag and Elon both lead with their hearts, and they will be an incredible team.” The founder is yet to say anything about the latest development.

“The Board and I had many discussions about Elon joining the board, and with Elon directly. We were excited to collaborate and clear about the risks. We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward,” Twitter’s CEO said in another Sunday tweet.

Related Posts:

  • iphone-7-BGR
    Twitter To Pursue Legal Battle With Elon Musk After…
  • A photo illustration shows Elon Musk’s twitter account
    Breaking: Elon Musk Notifies Twitter Of Deal Termination
  • The Trial Between Twitter And Elon Musk Is Set To…
  • Elon Musk Is Ready To Acquire Twitter, And At The Original Price He Intended
    Elon Musk Is Ready To Acquire Twitter, And At The…
  • es-052418-elon-musk-is-on-twitter-1527189506
    Elon Musk Will Step Down As Twitter And SpaceX CEO…
  • Twitter Sues Elon Musk for Terminating His $44 Billion Takeover Bid
    Twitter Sues Elon Musk for Terminating His $44…
  • A photo illustration shows Elon Musk’s twitter account
    Twitter Is Suing Elon Musk, Forcing Him To Honour…
  • Twitter Cuts 30 Percent Of Its Talent Acquisition Team
    Twitter Cuts 30 Percent Of Its Talent Acquisition Team

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Ibhadojemu Emmanuel

Ibhadojemu Emmanuel

Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Vietnam Will Soon block Telegram, App Owners are Surprised May 24, 2025
    • Widespread Downtime Reported By X Users May 24, 2025
    • MongoDB Enters Africa Through Nigeria Targeting $100B Digital Market May 24, 2025
    • Meta Quest’s Headgear Will Soon Support 3D Instagram Images May 24, 2025
    • Mozilla To Shut Down Pocket To Concentrate On Firefox May 24, 2025
    • OpenAI Upgrades Operator Agent’s AI Model May 24, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    Recent News

    Court In Russia Issues Approval To Block Telegram App

    Vietnam Will Soon block Telegram, App Owners are Surprised

    May 24, 2025
    Widespread Downtime Reported By X Users

    Widespread Downtime Reported By X Users

    May 24, 2025
    MongoDB Enters Africa Through Nigeria Targeting $100B Digital Market

    MongoDB Enters Africa Through Nigeria Targeting $100B Digital Market

    May 24, 2025
    Meta Quest’s Headgear Will Soon Support 3D Instagram Images

    Meta Quest’s Headgear Will Soon Support 3D Instagram Images

    May 24, 2025
    Mozilla To Shut Down Pocket To Concentrate On Firefox

    Mozilla To Shut Down Pocket To Concentrate On Firefox

    May 24, 2025
    OpenAI Upgrades Operator Agent’s AI Model

    OpenAI Upgrades Operator Agent’s AI Model

    May 24, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok