Elon Musk Turns Down Seat on Twitter’s Board, Move Will Allow Him to Buy More Stock in Company
By Jim Hoft A day after purchasing a 9.2% passive stake in Twitter, Tesla CEO and SpaceX founder Elon Musk has been designated as one of Twitter’s Board of Directors in a deal that would prohibit him from owning more than 14.9% of the media giant’s common stock. On Monday, it was revealed that Elon Musk becomes Twitter’s biggest shareholder after purchasing $2.89 billion worth of stock, according to a regulatory filing revealed on Monday by the Securities and Exchange Commission. According to the SEC filing, Musk now holds a 9.2% passive stake in the social media giant. He owns...
By Jim Hoft A day after purchasing a 9.2% passive stake in Twitter, Tesla CEO and SpaceX founder Elon Musk has been designated as one of Twitter’s Board of Directors in a deal that would prohibit him from owning...
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