billionaire elon musk Twitter has decided not to sit on the Board of Directors. The information was confirmed this Monday by the company’s CEO, Parag Agrawal. Musk would be effective this Saturday. He was nominated for the job after taking a 9.2% stake in the social media platform last week, becoming the company’s largest shareholder.
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“I believe this is for the best. We will always value the contributions of our shareholders, whether they are on our board of directors or not. Elon is our largest shareholder and we will be open to his contribution,” said Agrawal.
Initially, the Tesla owner sent a document to the American financial market regulator explaining that its involvement was “passive”, meaning that it did not intend to influence the platform’s key strategic decisions.
But the next day, he sent new documents to the agency, which changed his status to active investor. There was a lot of speculation about what Musk’s college performance would look like.
‘Is Twitter dying?’
On Saturday, Musk drew attention to himself, using his Twitter profile to query whether the social network is “dying”, citing accounts with very, very little activity following.
“Many of these super accounts rarely tweet and post little content. Is Twitter dying?” he wrote and added a list of the 10 most subscribed profiles.
Former US President Barack Obama tops the list with 131 million subscribers, followed by various entertainment stars such as Justin Bieber, Katy Perry, Rihanna, Taylor Swift and Lady Gaga. Musk ranks eighth with 81 million followers.
Source: Exame
