Thursday, May 23, 2024

Twitter Chief Says Elon Musk Not Taking Board Seat After Buying it for $2.9 Billion: Did He Pass Background Check?


In a very carefully worded statement, Twitter chief Parag Agrawal said tonight that Elon Musk would not be taking the board seat he was going to take three days ago.

Musk became the largest shareholder in Twitter this week and asked for the seat. He spent $2.9 billion to get the seat. Agrawal announced it on April 5th. He Tweeted: “I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.”

But now Agrawal says Musk getting the seat was “contingent upon passing a background check.” I’ve never seen phrasing like that in such an announcement. Did Musk not pass muster? What happened here? Just four hours ago Musk was engaged in a public discussion on Twitter about adding an edit button, and so on. Just three hours ago, he Tweeted: “Everyone who signs up for Twitter Blue (ie pays $3/month) should get an authentication checkmark”

And now? What happened in those three hours?

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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