Twitter Shares Fall After Musk’s Board Membership Reversal

Twitter Shares Fall After Musk’s Board Membership Reversal
Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, on March 22, 2022. Patrick Pleul/Pool via Reuters
Tom Ozimek
Updated:

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.”
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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