FNC: “Tesla CEO Elon Musk declined to join Twitter’s board of directors, the social media company’s chief executive announced Sunday. Musk, a critic who recently accused Twitter of stifling free speech, recently purchased a 9.2% stake in Twitter, having bought 73.5 million shares for roughly $2.9 billion.”

“Elon has decided not to join our board,” Twitter CEO Parag Agrawal tweeted. “I sent a brief note to the company, sharing with you all here…The Board and I had many discussions about Elon joining the board, and with Elon directly,” Agrawal wrote in a note to employees. “We were excited to collaborate and clear about the risks. We also 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. The board offered him a seat.”

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022

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“We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance,” the CEO continued. “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 will always value input from our shareholders whether they are on our Board or not,” Agrawal continued. “Elon is our biggest shareholder and we will remain open to his input.” No they won’t. They will fight him tooth and nail.

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Musk has recently amused himself at Twitter’s expense. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” Musk tweeted on March 26. “What should be done?”

Then Musk asked if the leftist firm should “Convert Twitter SF HQ to homeless shelter since no one shows up anyway.” That provocation received 91.3% support on Twitter itself.

“Elon joining Twitter’s board was contingent on him agreeing not to buy more than 15% of Twitter. Now he’s not joining the board. So does that mean he can he can buy as much of Twitter’s outstanding stock as he wants?” New York Focus Managing Editor Peter Sterne asked on Twitter. Yes, it does. Get ready for a new Twitter owned by Tony Stark.