Elon Musk, Again an Outsider at Twitter, Emerges as Unshackled Wildcard for Company https://www.wsj.com/articles/elon-musk-again-an-outsider-at-twitter-emerges-as-unshackled-wildcard-for-company-11649713787
Elon Musk’s surprise decision not to join Twitter Inc.’s [US:TWTR] board gives the social-media company less control over its largest shareholder, paving the way for him to press for changes and speak out freely about the company as an activist investor.
After unveiling last week a roughly 9% stake in Twitter, Mr. Musk was offered a seat on the board, which he declined on Saturday. Over the weekend, the world’s richest man also unleashed a tweet storm full of criticisms, demands and apparent jokes about the company.
On Monday, Mr. Musk indicated in a regulatory filing that he still might engage with Twitter on a range of issues “without limitation.” The company’s product and services, potential mergers and governance issues, were among the issues Mr. Musk might discuss with Twitter’s board and management, he said in the filing. The Tesla Inc. [US:TSLA] chief executive can express his views about Twitter on social media or speak directly with executives and board members, the filing states.
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