In a surprising twist, Elon Musk has declined to join Twitter’s board of directors.
Left-wing Twitter CEO Parag Agrawal expressed his excitement, saying he believes “this is for the best.”
Musk has accused Twitter of stifling free speech and proceeded to purchase a 9.2% ownership stake in Twitter. He bought 73.5 million shares for roughly $2.9 billion.
This makes him the largest shareholder in the company and CEO Parag Agrawal offered Musk a position on the company’s board of directors.
Right on cue, liberal Twitter employees had a collective meltdown over Musk’s involvement. Some employees threatened to quit.
It’s easy to see why the Left is outraged: They openly support censorship and oppose free speech.
Twitter has been widely condemned for failing to allow for the basic right to free speech on its platform.
Left-wing “fact-checkers” are regularly accused of censoring the opinions and speech of Americans on Twitter and Facebook. Twitter recently suspended multiple accounts, including satire outlet Babylon Bee and Fox News host Tucker Carlson.
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.
Musk has promised “significant improvements” will be made to Twitter as the company has failed miserably to adhere to the basic principle of free speech.
However, the company 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 publicly 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.
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.
Many people are speculating that Musk refused to join Twitter’s board of directors because it was merely a plot to control him. As part of the arrangement, Musk would not be allowed to own more than 15% of the company while sitting on its board.
The Tesla CEO’s decision to step off the board raises questions about that arrangement.
Elon joining Twitter’s board was contingent on him agreeing not to buy more than 15% of Twitter.
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.
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.”