Elon Musk refuses Twitter board seat

Elon Musk refuses Twitter board seat
By Terry A. Hurlbut
Elon Musk refuses to join the Twitter board. Does that mean he is about to buy a controlling vote?
Elon Musk backs away
The story about Elon Musk not taking the Twitter board seat first broke on The Daily Mail. Other conventional organs having the story include NPR, CNBC, France24, and AP. Alternative media organs having the story include Steve Crowder, BizPac Review, and The Verge.
Parag Agrawal, the CEO of Twitter, announced the breakdown of negotiations with Elon Musk on the platform:
https://twitter.com/paraga/status/1513354622466867201
Mr. Agrawal said Elon Musk was supposed to join the board effective last Saturday. But on Saturday morning, Elon said no. In reply Agrawal says:
I believe this is for the best.
And then he makes this provocative statement, that conveniently most embeds cut off from view:
There will be distractions ahead, but our goals and priorities remain unchanged. The decisions we make and how we execute is in our hands, no one else’s. Let’s tune out the noise, and stay focused on the work and what we’re building.
Nor does Mr. Agrawal reveal the full terms of that offer. They offered him a seat, all right – only if he limited his stake in the company to 14.9 percent. News flash: one does not tell Elon Musk what to do. He was likely never going to take that board seat, not under those conditions.
What did Elon Musk want to do?
Elon Musk, all week long, tweeted several changes he wanted to make to Twitter. These included:
• Eliminating all advertising on the premium Twitter service, called Twitter Blue. Advertising now accounts for 90 percent of the firm’s revenues.
• Allowing users to edit their tweets after posting, and most interesting of all:
• Turning the Twitter headquarters building into a homeless shelter.
https://twitter.com/nypost/status/1513495576675069958
He also tweeted out a list of the ten most-followed Twitter accounts – and pointed out that those accounts tweet seldom or never.
https://twitter.com/elonmusk/status/1512785529712123906
Furthermore, he pointed out that half the accounts tweeting about COVID-19 turn out to be bots.
The leftiest of users feared that he would reinstate several accounts that Twitter has famously suspended. They include Donald J. Trump, James O’Keefe, and Rep. Marjorie Taylor Greene (R-Ga.). One Twitter employee accused Elon Musk of “harmful behavior.”
https://twitter.com/jayholler/status/1511285863220662275
Someone else doubled down on the cult of censorship now taking shape at Twitter.
https://twitter.com/TheUnrealMikeC/status/1513359060120133638
The company stock fell eight percent in pre-market trading today.
What next?
What next? No one knows. If the market fell, the “smart money” must think Elon will dump his shares and take what profits he still has.
If they really think that, they just made something else easier for him to do: take over the company outright. With the shares now worth less than they were at Friday close, he could start a buying spree. And people who have read the terms of the board seat offer, know it.
https://twitter.com/petersterne/status/1513358297360961537
Yet another apparent employee with a name saying very derogatory things about Elon Musk, fairly gasped in horror:
https://twitter.com/linguangst/status/1513356401036259329
That could indeed happen. Again: stay tuned.
Links to:
The article:
https://www.conservativenewsandviews.com/2022/04/11/editorial/talk/elon-musk-refuse-twitter-board-seat/

The Parag Agrawal tweet:
https://twitter.com/paraga/status/1513354622466867201

Fox Business’ video discussing Elon’s refusal:
https://www.youtube.com/watch?v=xL5Nn-XfxIQ

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