Tesla and SpaceX CEO Elon Musk abandoned his plans to join the board of Twitter after buying a 9% activist stake.
Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board ofTwitter CEO Parag Agrawal announced publicly on Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his input.
Agrawal wrote,"We were excited to collaborate and clear about the risks. We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders was the best path forward."
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