Author | Su Mi
Exhibiting | CSDN（ID：CSDNnews）
A week ago, after Musk Elon topped the 2022 billionaire list, he swept across major tech sites with nearly $3 billion in Twitter as the largest shareholder.
A week later, Twitter CEO Parag Agrawal announced that "Musk has decided not to join Twitter's board."
Twitter CEO announced that Musk will not join Twitter's board of directors
It is extremely rare that as of now, Musk himself has not responded or commented on the content of this Twitter. Instead, Twitter CEO Parag Agrawal came forward to explain everything.
As for the reasons for not joining Twitter's board of directors, Parag Agrawal said:
"The Board members and I had many discussions with Elon on board and communicated directly with Elon. We are excited to be able to work together and identify some of the risks involved. We also believe that as a principal of the company, Elon, like the members of the Board of Directors, must act in the best interests of the company and all our shareholders, which is the best way forward. In combination, the Board of Directors reserved a seat for him.
We announced on Tuesday that Elon will be appointed to the board, but that will also depend on his background research and his formal acceptance. Elon's appointment to the board will take effect on April 9, but on the same day, Elon said he would not join the board. We believe this is the best decision. We will always value the opinions of our shareholders, whether they are on our Board of Directors or not. Elon is our largest shareholder and we will continue to listen to him.
There will be thorns ahead, but our goals and priorities remain the same. The decisions we make and the way we execute them are in our hands, not other people's. Let's eliminate the distractions of the outside world and focus on the work and what we're building."
Musk's thoughts on Twitter
In just a few words, people can't figure out for a while what Musk smashed into and then "stopped", what is it for?
As we all know, the difference between shareholders and directors is that shareholders are investors in a joint-stock company, and directors are elected by shareholders and belong to the managers of the company.
Last week, Parag Agrawal confirmed that Musk's stake in Twitter is worth $2.89 billion after buying a 9.2 percent stake in the company, making him the largest shareholder. It doesn't seem unrealistic to say that Musk went to such great lengths to get inside Twitter without the idea of specifically improving Twitter.
In fact, since the media publicity of Musk's investment in Twitter, Musk himself has posted some ideas on Twitter about improving the Twitter service, including a poll of interest in the edit button, and the idea that users might pay for Twitter's premium services using the cryptocurrency Dogecoin.
This is enough to prove that as a veteran user of Twitter, Musk has high expectations for Twitter.
However, it is somewhat coincidental that in the latest statement of Twitter CEO Parag Agrawal, it was mentioned that the day Musk refused to join Twitter's board was April 9. On the same day, Musk himself posted a tweet on social media, still sharp, saying bluntly, "Is Twitter going to die?" Says most of these "top- and"top-level" accounts rarely tweet and publish very little content.
There is a feeling of hatred for iron not steel.
Or have other plans?
Refusing to serve on Twitter's board at this point in time is also a lot of speculation. Therefore, after the tweet of twitter CEO was released, it also quickly appeared on the HN hot list, attracting nearly 500 comments, and some netizens said:
In my opinion, the simplest interpretation is: (1) joining the Twitter board seat is conditional and (2) Musk does not accept these conditions.
I think Musk is so busy dealing with other issues that he can't be distracted by the social media company Twitter, even though it does seem to have a huge impact at the moment. Musk's personal brand may be too casual for a company that may already be censored by governments around the world, as any of his words can have a huge impact on public opinion.
Twitter's official statement sucks. It claimed to leave a seat on the board for Musk, and then said that Musk's refusal to join the board was also the best. I personally don't see that this is best for either side.
In addition, there are many foreign media speculations, or related to Musk himself. According to Bloomberg, Musk's becoming a shareholder in Twitter has also been implicated in Musk's "love-hate feud" with the U.S. Securities and Exchange Commission (SEC), which requires large investors to be more transparent and increases fines for violating the rules, and will also conduct stricter scrutiny for Musk joining Twitter.
At the same time, there are also media reports that Musk is brewing bigger ideas. After all, if Musk had joined Twitter's board, it would have resulted in him not owning more than 14.9 percent of the company. Today's refusal to join, this restriction has disappeared, in theory, with Musk's net worth, he can directly acquire Twitter, or directly redevelop a social media to replace Twitter.
Resources:
https://twitter.com/paraga/status/1513354622466867201
https://news.ycombinator.com/item?id=30984215
https://finance.yahoo.com/news/musk-turns-down-seat-twitter-070008347.html
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