Musk Side Steps Board Seat As Twitter’s Largest Shareholder

musk side steps board seat as twitters largest shareholder

The man who could have been instrumental is getting the edit button to appear for the twitter account is no going to be on the Twitter board afterall. This has been confirmed by CEO Parag Aggarwal who has confirmed that the billionaire Elon Musk will instead be a part of building the company and its future growth.

At 9.2 percent, Musk remains to be the biggest shareholder of Twitter.

Apparently, Musk has himself said that he does not wish to be a part of the board but his suggestions would definitely be taken into consideration by the board.

Since April 09, when he was to be officially announced as a part of the board, Musk had already won a majority stake in the company. His suggestions had started pouring in. Since then, Musk had suggested several changes that the platform should be brought.

One of them was the most awaited introduction of the ‘edit’ button, which the company said is coming for everyone soon. The feature will be tested for Twitter Blue users, which will be followed by a stable release.

In a series of recent tweets, Musk suggested some changes for Twitter Blue users. In one of the tweets, he also said that Twitter may be dying as top accounts with maximum followers rarely tweet.

Twitter’s CEO, however, hinted that the platform will bring changes that it feels are relevant. Agrawal said, “there will be distractions ahead, but our goals and priorities remain unchanged. The decisions we make and how we execute is in our hands, no one else’s”. This clearly shows that Twitter, in no way, will bring changes just because Musk suggested them, despite he being the biggest shareholder. Apparently, it seems Musk has decided to not join the debate as the company doesn’t seem to be looking at making dramatic changes too soon.

Rashmi

Rashmi Sacher, a seasoned journalist at India Observers, is your source for compelling stories in the spheres of National News, Politics, and more. With a commitment to delivering insightful updates, Rashmi ensures you stay well-informed on the latest developments shaping the nation. Trust in Rashmi Sacher's dedication to providing a comprehensive understanding of the political landscape and national affairs.