Patrick Pleul | AFP | Getty Images A few days before Tesla CEO Elon Musk attempted to buy Twitter for $ 43 billion on Thursday, Twitter CEO Parag Agrawal warned of “distractions ahead.” Agrawal’s initial warning came after an already turbulent week on Twitter. First, Musk’s approximately 9% stake in the company was revealed early last week, sending Twitter shares soaring. Agrawal then announced that Musk would join the Twitter board. Eventually, Agrawal announced that Musk had changed his mind and decided not to join the board. This latest decision left the door open to a hostile takeover. While Twitter’s price is relatively small for the billionaire, some analysts have questioned whether Musk would really like to spend his limited time. He already leads both Tesla and SpaceX and has founded other ongoing initiatives such as The Boring Company and Neuralink. Agrawal gave few details in his announcement on Sunday that Musk would no longer be on the board. “We were excited to work together and clear up the risks. We also believed that having Elon as the company’s trustee where he, like all board members, should act in the best interests of the company and all of our shareholders was the best way forward. forward, “he wrote. “There will be distractions ahead, but our goals and priorities remain unchanged,” Agrawal continued. “The decisions we make and the way we execute them are in our hands, no one else’s. Let us coordinate the noise and stay focused on the work and what we are building.” Subscribe to CNBC on YouTube. SEE: Elon Musk decides not to join Twitter’s board
