Elon Musk steps down from joining Twitter’s board

After a week of hesitation, Elon Musk, the head of Tesla and SpaceX, has resigned from Twitter’s board of directors, Parag Agrawal, the social network’s general manager, announced Monday, April 11. “Elon’s arrival on the board would officially become effective on April 9, but Elon made it known this morning that he would no longer be joining the board.”he explained in a message to Twitter staff, which he shared on the platform. “I think it’s the best”he added. “We have appreciated and always will appreciate the participation of our shareholders, whether they are part of our board of directors or not. Elon is our largest shareholder and we will remain open to his participation.”a poursuivi M. Agrawal.

Immediately after this announcement, Elon Musk tweeted an emoji that giggle, without any accompanying text. The world’s richest man announced in early April that he had taken a 9.2% stake in Twitter, making him the largest shareholder. He first specified in the document sent to the securities market regulator that this participation was ” passive “, that is to say, that it did not intend to influence major strategic decisions. He had also promised not to increase his stake beyond 14.9%.

Also read: Elon Musk becomes Twitter’s largest shareholder

But the announcement, since then, of his entry into the board of directors of Twitter had been applauded by the markets. Investors saw it as a sign that the billionaire was finally planning to get involved in the group’s strategy.

Values ​​not aligned with those of Twitter

Elon Musk is a very active user of the social network, in which he has 80.5 million subscribers. There he talks almost daily about his companies, from Tesla (electric cars) to SpaceX (space flight), passing through Neuralink (brain implants), and he does not hesitate to make jokes or provoke controversy.

He also uses his account a lot to survey Internet users, about his sales of Tesla shares or, more recently, to find out if they believe that Twitter respects freedom of expression, a question to which the majority answered. “not”. The businessman has repeatedly criticized the platform on the subject, believing that he went too far in content moderation.

Since the announcement of his entry into the capital, Elon Musk has multiplied the provocations. In particular, he ran a poll to ask if Twitter users wanted a button. « modifier », to correct a tweet after posting it. Almost 4.4 million people voted and about 73.6% responded ” Yes “. The platform then announced that it was testing this feature, which had been requested by many users for years.

“Priorities unchanged”

On Saturday, Elon Musk wondered if the social network was « dying »mentioning accounts very followed but not very active. “Most of these ‘super’ accounts rarely tweet and post little content”, he wrote, captioning a list of the 10 profiles with the most subscribers. In particular, he noted that singer Justin Bieber, in second place, had tweeted just once this year.

On Sunday, he made two more suggestions: « Remove the w on Twitter? » (with, as an answer option, ” Yes “ Where ” Sure “) Y « Turn Twitter headquarters in San Francisco into a homeless shelter since no one goes there anyway ». More than 90% of the 1.9 million voters said ” Yes “. He then proposed changes to the paid subscription formula for the social network, blue twitter.

“There will be distractions in the future, but our goals and priorities remain unchanged. The decisions we make and how we execute them are in our hands, and no one else’s.Parag Agrawal said in his message to employees.

According Washington PostSeveral Twitter employees had expressed concern, considering in particular that the values ​​of the richest man in the world were not aligned with the corporate culture of the social network.

Le Monde and AFP

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