Musk was named to join the Twitter board after buying a major stake in the firm and becoming its largest shareholder.
SAN FRANCISCO - Elon Musk is no longer joining the board of Twitter, the CEO of the social media company said late Sunday, in a reversal less than a week after announcing the Tesla and SpaceX chief would be appointed."Elon's appointment to the board was to become officially effective 4/9, but Elon shared that same morning he will no longer be joining the board," Agrawal said.
In his announcement Sunday, Agrawal shared a note he sent to Twitter, which said Musk's appointment to the board would be contingent on a background check and that he would have to act in the best interests of the company once appointed. He has also sparred repeatedly with federal securities regulators, who cracked down on his social media use after a purported effort to take Tesla private in 2018 fell apart.
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