Big surprise at Twitter and in the world of finance.
Despite his dominant position in the capital of the company, Elon Musk finally decided to give up sitting on the board of directors of the social network.
The first shareholder of Twitter, “Elon Musk has decided not to join our board of directors”, tweeted this Monday the general manager of the social network, Parag Agrawal.
"Elon's arrival on the board was to become officially effective on April 9, but Elon made it known that same morning that he was no longer joining the board," he explained in a message to staff. from Twitter, which he shared on the platform.
Some employees worried
“We have appreciated and will always appreciate the participation of our shareholders, whether they serve on our board or not.
Elon is our largest shareholder and we will remain open to his involvement,” he added.
According to the
Washington Post
, several Twitter employees 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.
Elon Musk, 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 had 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.
Before this entry into the capital, he was already an active user of the social network, on which he has 80.5 million subscribers.
Since then, Elon Musk had multiplied the provocations.
He had notably carried out a survey on his profile, to ask if Twitter users wanted an "edit" button, to correct a tweet after publication.
Nearly 4.4 million people voted, and about 73% answered "yes".
The platform then announced that it was testing this feature, which many users had requested for years.
On Saturday, Elon Musk also wondered if the social network was "dying", mentioning very popular but inactive accounts.
World
China: Tesla recalls 128,000 cars following a failure that can cause collisions
high tech
Twitter: After years of refusal, the social network will test an "edit" button to correct its tweets
Economy
Twitter
Video
Elon Musk
Social networks
Administration
high tech