Twitter shares fell nearly 4 percent in pre-market trading on April 11 after a surprise announcement by the company’s CEO that Elon Musk would not, in fact, become a member of the social media giant’s board of directors.
“Elon has decided not to join our board,” Twitter CEO Parag Agrawal announced in a tweet late Sunday, while sharing an internal company note in which called Musk’s decision “for the best.”