Elon Musk U-turns on joining Twitter board after becoming firm's largest shareholder

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Elon Musk U-turns on joining Twitter board after becoming firm's largest shareholder
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Elon Musk decides not to join Twitter board, company boss reveals

"I believe this is for the best," Twitter CEO Parag Agrawal says, adding that the company has been"clear about the risks" of Musk joining the board.Elon Musk has decided not to join the Twitter board, despite becoming the company's single biggest shareholder.

The social media giant's CEO, Parag Agrawal, said the Tesla and SpaceX founder relayed his decision last Monday - the day he was due to be appointed. "I believe this is for the best," Mr Agrawal said, adding that the company had been"clear about the risks" of Musk joining the board, without elaborating further.

The board had been"excited to collaborate" with Musk subject to a"background check", and had"many discussions" about it, both among themselves and with Musk. "Elon is our biggest shareholder and we will remain open to his input," Mr Agrawal added in a tweeted statement.

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