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Twitter Shares Fall After Musk’s Board Membership Reversal

By Tom Ozimek

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.”

“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. I believe this is for the best. We have and always will value input from our shareholders whether they are on our board or not,” Agrawal said in the note…

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