Update: Elon Musk Will NOT Be Joining Twitter's Board Because He Can't Stop Tweeting His Ideas For The Company

Theo Wargo. Getty Images.

Source - New York (CNN Business)Tesla CEO Elon Musk, who recently became Twitter's largest individual shareholder, has decided not to join the social media company's board.

Twitter CEO Parag Agrawal tweeted the news Sunday night.

"Elon's appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board," Agrawal said in the tweet. "I believe this is for the best. We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input."

A Twitter spokesperson confirmed Musk decided not to join the Twitter board and referred to Agrawal's statement.

Corporate board members also typically share their suggestions for the company privately, which might have meant Musk would have had to stop tweeting about his ideas for Twitter. The announcement that Musk would no longer join the board came after he posted a series of tweets about the company over the weekend, including one in which he suggested removing the "w" from "Twitter" — an apparent crude joke that has since been deleted — and another in which he asked if Twitter is "dying" because some of its most-followed accounts don't often tweet.

First of all, the fact that the richest man in the world's first suggestion for Twitter was to change its name to "Titter" is hilarious. It just goes to show that boobs will always funny- it doesn't matter if you have $200 in the bank or $200 billion. It also goes to show that Elon gives zero fucks about whether or not he's on the board of Twitter. I mean why would he? All it does is add another meeting to his schedule. That and prevent him from acquiring more twitter, which he 1000% will be doing in the near future. He's going to blow by the original 14.9 % threshold set by the board in record time. I guarantee it. Regardless, Elon has had quite the week. Here's what's happened for those of you who aren't up to date…

Although the most interesting tidbit of information to come out of this week was the fact that Elon wants to make the Twitter algorithm public. Meaning you would get to choose your algorithm to customize your online experience. In other words, Twitter would no longer be able to brainwash you by doing it in the background. The implications of which would be massive for the social media landscape. Will that actually happen? Of course not - there's far too much money in being able to control what people see, but it's still interesting to think about. 

Here's what Twitter CEO Parag Agrawal had to say on the situation…

"In our opinion, the Twitter Board and Musk could not come to an agreement around Musk's communications with the public (various polls) over Twitter as he likely needed to take a more back seat/quiet stance as part of joining the Board," Wedbush analyst Dan Ives said in an investor note Monday. He added that Musk's relationship with Twitter may now become "a 'Game of Thrones' battle between Musk and Twitter with the high likelihood that Elon takes a more hostile stance towards Twitter and further builds his active stake in the company."

In his tweet Sunday night announcing Musk's reversal, Agrawal said the company's board had "believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward."

And that's that. Elon may be the single largest Twitter shareholder on the planet, but that doesn't mean Twitter is going to let him fuck up their algorithm…or their business. Especially after he started raising concerns about "free speech." Oh well. Not much else to say on this one other than it looks like things will remain the same. Twitter's not going to change and neither is their algorithm. Have a wonderful Monday. Thanks for reading.