The largest contributor to the social network: Elon Musk relinquishes his seat on Twitter’s board of directors

After his surprise entry to Twitter, tech billionaire Elon Musk has yet to move to the group’s board of directors. His appointment was supposed to go into effect officially on April 9, “but Elon announced in the same morning that he will no longer join the board of directors,” Twitter head Parag Agrawal wrote Sunday evening (local time). “I think this is the best.” We will continue to be open to Musk’s input.

At the beginning of April, it was announced that Musk had become the largest shareholder in Twitter with a 9.2 percent stake.

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At first it seemed as if he wanted to be content with a passive role as an investor. Shortly thereafter, his invitation to the company’s board of directors became public. Agrawal said the prerequisites for this were a background check and formal approval.