Many people have been surprised to learn that Elon Musk declined to join Twitter’s board of directors.
After accusing Twitter of stifling free speech and purchasing a 9.2% ownership stake in Twitter, Americans were hoping for significant change.
In fact, Musk himself promised Musk “significant improvements” after he bought 73.5 million shares for roughly $2.9 billion.
Why would Musk not join Twitter’s board of directors? It appears that there may be a very good reason.
As part of the arrangement of joining Twitter’s board, Musk would not be allowed to own more than 15% of the company while sitting on its board.
It is being speculated that the offer from Twitter to join its board was merely a plot to control Musk. This could prevent him from flexing his power and instituting real change.
Even more revealing, Twitter has publicly pushed back against Musk in a statement that said, “Policy decisions are not determined by the board or shareholders, and we have no plans to reverse any policy decisions.”
Twitter confirmed that Musk cannot overturn policy decisions, such as reinstating the Twitter account of President Donald Trump.
Once Musk gained control, users immediately suggested that the company reinstate President Donald Trump’s account.
Since he’s not joining the board, does this mean he wants to buy more of Twitter’s stock?
Musk has not responded to requests for comment on the decision.
Twitter has been widely condemned for failing to allow for the basic right to free speech on its platform. The company banned President Donald Trump and countless other from using its platform.
Left-wing “fact-checkers” are regularly accused of censoring the opinions and speech of Americans on Twitter. The company recently suspended multiple accounts, including satire outlet Babylon Bee, Fox News host Tucker Carlson, and Bill Clinton rape accuser Juanita Broaddrick.
Left-wing Twitter CEO Parag Agrawal expressed his excitement about Musk refusing to join Twitter’s board, saying he believes “this is for the best.”
Liberal Twitter employees had a collective meltdown over Musk’s involvement in the company. Some employees threatened to quit.
It’s easy to see why the Left is outraged: They openly support censorship and oppose free speech.
Even Twitter CEO Parag Agrawal has admitted the company is “not to be bound by the First Amendment,” adding that free speech is de-prioritized in favor of ensuring “a healthier public conversation.”
Musk recently floated the idea of turning Twitter’s headquarters in San Francisco into a homeless shelter because “no one shows up anyway.”
Over 1 million people agreed with Musk’s suggestion by voting in his public poll.
Shortly after Musk’s recent decision to decline joining Twitter’s board, Twitter banned Bill Clinton rape accuser Juanita Broaddrick for expressing an opinion about the COVID-19 vaccine.
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
“The Board and I had many discussions about Elon joining the board, and with Elon directly,” Agrawal wrote in the note to employees.
“We were excited to collaborate and clear about the risks. We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward. The board offered him a seat.”
“We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance,” the CEO continued. “Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board. I believe this is for the best.”
“We have and will always value input from our shareholders whether they are on our Board or not,” Agrawal continued. “Elon is our biggest shareholder and we will remain open to his input.”