Elon Musk spurns Twitter’s offer to join board in surprise twist

(FILES) In this file photo taken on February 10, 2022 Musk is no longer joining the board of Twitter, the CEO of the social media company announced late Sunday. ‘Elon has decided not to join our board,’ Parag Agrawal tweeted. — AFP

Twitter Inc’s shares slid after Elon Musk decided not to join its board, a stunning twist to a week-long saga that’s captivated the tech community and touched off renewed speculation about the company’s future.

Musk held “many discussions” with Twitter’s directors but the entrepreneur ultimately declined their offer of a board seat, chief executive officer Parag Agrawal tweeted. According to the CEO, Musk informed Twitter of his decision April 9, the same day he was slated to formally join the board.