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Elon Musk will not join Twitter board after all, company’s chief says

Parag Agrawal says largest shareholder has declined offer – and ‘I believe this is for the best’

Elon Musk has performed a U-turn on joining Twitter’s board despite becoming the social media company’s largest shareholder with a 9.2% stake.

The world’s richest man was due to become a board member on Saturday but Twitter’s chief executive, Parag Agrawal, said on Monday morning that Musk had declined the offer. Musk, who is worth $260bn (£200bn), emerged as Twitter’s largest investor last week and was invited to join its board.

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