Musk withdraws from Twitter board

Tesla CEO Elon Musk no longer joins Twitter board, CEO Parag Agrawal announced on the platform Sunday evening.

Twitter previously said Musk – who owns nearly 10% of Twitter stock and is the company’s largest shareholder – would join the board. Agrawal noted in his Sunday announcement that Musk’s board membership was subject to “background checks and formal acceptance,” and that shortly before Musk’s nomination became effective on Saturday , Musk said he decided not to join.


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