July 2, 2022

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Reasons why Elon Musk refused to enter the Twitter board of directors

Reasons why Elon Musk refused to enter the Twitter board of directors

If there’s been a personality in recent years who has grabbed attention on Twitter, it’s Donald Trump, but Elon Musk isn’t far behind either. In recent days, the owner of Tesla and SpaceX has starred in a blockbuster series when he became a contributor to the social network.

Elon Musk has complained on numerous occasions about the restrictions on content imposed by the social network, in which he participates quite often. Musk on Twitter plays by rules that have nothing to do with most of the great stars of this network. It is not uncommon to see him reply to messages of users who have few followers or delete their messages frequently.

The fact is that Elon Musk, by buying nine percent of Twitter shares, became the main shareholder. But for puzzling reasons, it seems that he will not become a member of the company’s board of directors. “I think this is the best,” Parag Agrawal, the company’s CEO, explained in a tweet.

Something clashed with the message that Parag Agrawal himself published a few days ago in which he praised Elon Musk’s arrival at the company, saying he would “bring a lot of value to the board”. A confusing move worthy of any chapter in the series of foolish succession.

It is speculated that one of the decisions that could have resulted in Elon Musk not belonging to the company’s board of directors is that although he may criticize Twitter’s decisions, he is legally obligated not to harm Twitter’s image. company.

Also from within Twitter, there may be significant concerns that Elon Musk will have more influence over the decisions the company makes. In fact, Musk hasn’t stopped these days from tweeting all sorts of things like polls about how Twitter works. All this is a situation From the nerves of many of the company’s employeeswho question the unpredictability of Mask.

In one of these surveys, users were asked to vote on whether it was appropriate to edit tweets once they had been made. An old question that has been discussed within the company, but at the moment it doesn’t seem like it will ever see the light of day. In one of his tweets, he even raised the question of whether Twitter was dying. He then provided data on how the people with the most followers hardly tweet. He even went so far as to suggest that Twitter offices become home to the homeless.

Some have interpreted Elon Musk’s failure to enter the board of directors as a hostile takeover attempt to gain control of the social network. Although this raises some legal questions. But the media like the edge also Bloomberg They publish analyzes explaining that after the mischief of the past few days, Elon Musk may have achieved what he wanted.

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Judith Brown

Turn Twitter on its head for fun, increase influence with the social network’s followers, and maybe even make some profits if Twitter’s stock value goes up. On April 5, the shares reached their peak after learning that Elon Musk became a shareholder, but in recent days the value of these shares has been shrinking. So in the short term, this strategy doesn’t seem to have worked, if it was the one that Musk decided to follow.

But it is difficult to know the impact of the earthquake caused by Musk in the medium or long term. If it was something typical of a billionaire who was just looking for fun, or if it ended up having repercussions for the future of this social network. Indeed, as verified with Donald Trump, uncomfortable personalities that generate a large flow of information make Twitter talk about him in the media. This seems to benefit the company.

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Judith Brown

What effects can the option to edit Twitter messages have?

Although, as happened with the former President of the United States, things can eventually lead to serious chaos and many look to the platform for not putting an end to that chaos. In fact, even though Twitter ended up shutting down Trump’s account, it did so at the last minute of his term. Long before that, Trump had repeatedly violated the rules for operating the network. Will Twitter be able to remove content from its main contributor? It’s one of those questions up in the air.

Elon Musk is like poker players who are constantly changing hands. Sometimes they are deceptive and sometimes seriously. Anyway, considering the frequency with which Elon Musk reacts on Twitter, it is noticeable that in recent days, following Parag Agrawal’s statement, his tweets have been directed towards other issues. After all, Musk may have a lot of money, but his time is limited and his business interests are very diverse.

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