In a statement on Twitter, Agrawal wrote that Musk was offered a seat on the board, but he announced on Saturday that he would not be joining the board.
Prior to that, there had been a lot of talk between Musk and the board of directors, and the companies were looking forward to the collaboration, at the same time they realized the risks, the statement said.
Musk, the world’s richest man, became the largest shareholder in the company after buying a 9.2 percent stake last week. Musk is a frequent user of the platform.
Agrawal wrote that Twitter values shareholder input, regardless of whether they are on the board or not.
– Elon is our largest shareholder, and we will continue to listen to his input, he wrote.
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