Elon Musk will NOT be joining Twitter board, hostile takeover rumored

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Elon Musk rumored to have backed out of joining Twitter's board of directors, as he could actually push for a hostile takeover.

Anthony Garreffa

TweakTown

Published Apr 11, 2022 7:18 AM CDT
Updated May 3, 2022 10:32 AM CDT

1-minute read time

The simulation is playing up quite a bit today, with news breaking just now that SpaceX and Tesla CEO Elon Musk will NOT be joining Twitter's board of directors after he secured a huge 9.2% stake in the social networking giant.

Elon Musk will NOT be joining Twitter board, hostile takeover rumored 06

Musk was all set to join the board of directors at Twitter, after his 9.2% stake saw him have 4x what Twitter ex-CEO Jack Dorsey owns... but now he won't be joining the board. Twitter CEO Parag Agrawal said on Sunday that Musk's decision was "for the best".

Agrawal didn't provide a reason as to why Musk wouldn't be joining the board, but it seems Twitter shareholders have concerns... the Twitter CEO added: "We have and will always value input from our shareholders whether they are on our board or not". Musk did mysteriously tweet out an emoji of a smiling face, with a hand covering its mouth -- you know, as like a giggle -- something is happening at Titter.