Extremely eye news reporter Zhang Yang
Musk, the world's richest man, recently bought a 9.2 percent stake in Twitter for nearly $3 billion, becoming Twitter's largest shareholder. And Musk did something unexpected — refusing to join Twitter's board. What are the implications of this?
According to Fox News, on April 10, local time, The CEO of social media Twitter, Parag Agrawal, announced that Elon Musk refused to join Twitter's board of directors. He tweeted: "Elon has decided not to join our board. I sent a newsletter to the company to share with you. ”
Elon Musk and Twitter (Image: Fox News)
In a note to employees, Agrava wrote: "The Board and I had many discussions with Elon on board and discussed it directly with him. We know the risks, but we're excited about working together. We believe that Elon must act in the interests of the company and all shareholders as the norm, and that having him as a member of the company's board of directors is the best way to develop, and the board also provides him with a seat. ”
"We had announced that Elon's board appointment would take effect on April 9, but in the morning he said he would not join the board. I believe he has his reasons, but we will always value the opinions of shareholders, whether he is on our board or not. Elon is our largest shareholder and we will continue to listen to him. ”
In the end, the CEO also urged employees not to be "distracted" and to "focus on the work and what we're building."
Musk launched a vote asking netizens whether they should "convert Twitter's San Francisco headquarters into a homeless shelter because no one is coming anyway," a proposal that received 91.3 percent support.
This proposal was even echoed by his "nemesis" Bezos. Bezos responded: "If you take a part of it, it will work well, and you can let employees who want to volunteer to do it." Bezos is not untargeted, amazon's Seattle headquarters building has a homeless shelter.
Elon Musk and Twitter (Image: Fox News)
Fox News Network's analysis pointed out that Musk's refusal to join The Twitter board this time is not as simple as it seems, and it may be that Musk has not yet made a "back move".
Twitter previously reached an agreement with Musk that he could not hold more than 15 percent of the company's shares during his tenure as a board member. So, does Musk's refusal to join the board mean he won't abide by the agreement?
Peter Stern, editor-in-chief of New York Focus Magazine, asked on Twitter: "Elon's joining Twitter's board depends on whether he agrees not to buy more than 15 percent of the shares. Now that he's not on the board, does that mean he can buy as many Twitter shares as possible? ”