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lmao

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Parag Agrawal

@paraga

· Apr 11

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here.

Elon Musk decided not to join the Twitter Board. We were excited by the opportunity to collaborate and clear about the risks. We believed the best path forward was having Elon as a fiduciary of Twitter where he, like all board members, must act in the best interests of our company and our shareholders. The board offered him a seat (contingent on a background check and formal acceptance). The effective date was 4/9, but the same day Elon shared that he will no longer be joining. I believe this is for the best. We will always value input from shareholders and remain open to his. Our goals and priorities are unchanged. Let's tune out the noise and stay focused on what we’re building.

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Peter Ryan

@_PeterRyan

Apr 11

Allegedly this means he could buy more than 15% of shares h/t

@growing_daniel

law.com

Musk to Join Twitter’s Board, Keeping Stake Below 15% | Daily Business Review

The appointment ends the possibility of Elon Musk mounting a takeover of Twitter, capping his ownership at 14.9% during his time on the board.

Peter Ryan

@_PeterRyan

Apr 11

Another theory

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immad

@immad

· Apr 11

I am guessing between board NDA and the SEC, @elonmusk wouldn’t have been able to say much about Twitter publicly if he had joined the board. twitter.com/paraga/status/…

Replying to

and

probably a combination of costs that made it unappealing tbh

4:13 AM · Apr 11, 2022Twitter Web App