Billionaire Elon Musk has decided not to join the board of one of the social media giants of Twitter, the San Francisco-based company’s CEO, Parag Agrawal, said Sunday night. .
The announcement came as a surprise after Musk, Tesla’s CEO, said he would join the board after buy shares about 9.2 percent of the company.
“Look forward to working with the Parag & Twitter administration to make significant improvements to Twitter in the coming months!” Musk tweeted on April 4.
On Sunday Agrawal tweeted“Elon has decided not to join our board.”
He included a note he sent to the company noting that Musk would be subject to a background check and, once appointed, would be loyal to the company’s financial interests.
Musk, a power user with more than 81 million followers, is one of the loudest critics on Twitter. After news of his investment broke last week, he teased his Twitter audience with suggested changes for company.