Musk Gets Twitter Board Seat After Stake-Purchase Surprise
- CEO Agrawal said he is ‘excited’ about Musk’s appointment
- Twitter has been mocked for board members who don’t tweet
This article is for subscribers only.
Twitter Inc. named Elon Musk to its board a day after it was disclosed that the chief executive officer of Tesla Inc. was the social media company’s largest shareholder.
The appointment ends the possibility of Musk mounting a takeover of Twitter, capping his ownership at 14.9% during his time on the board, according to a filing with the Securities and Exchange Commission on Tuesday. He currently owns 9.2%.