Elon Musk will not join board at Twitter in sudden reversal

Published April 11, 2022 6:08 AM

SAN FRANCISCO (AP) — Less than a week after announcing that Tesla CEO Elon Musk would join its board of directors, Twitter is reversing course. Twitter CEO Parag Agrawal announced the news, which followed a weekend of Musk tweets suggesting changes to Twitter, including making the site ad-free. Nearly 90% of Twitter’s 2021 revenue came from ads. Musk, it was revealed last week, had quickly amassed a massive stake in Twitter to become its largest shareholder. Agrawal didn’t offer an explanation for the reversal, but said that the decision was made by the mercurial billionaire.

Article Topic Follows: AP National Business

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