Musk Opens Door to Pressing Twitter for Deal as He Avoids Board

SEC filing says Musk can express his views on social media
Musk, who owns more than 9% of Twitter, declined board seat

Elon Musk
Photographer: Liesa Johannssen-Koppitz/Bloomberg

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By Molly Schuetz and Giles Turner

April 11, 2022 at 1:26 PM UTC

Updated on

April 11, 2022 at 8:27 PM UTC

This article is for subscribers only.

Elon Musk may acquire additional shares in Twitter Inc. now that he is no longer accepting a position on the social media company’s board, according to a securities filing on Monday.

The abrupt reversal over the board seat over the weekend ignited renewed speculation about Musk’s intentions for Twitter since the Tesla Inc. chief executive officer first disclosed he had taken a stake of just over 9% -- becoming the company’s largest individual shareholder. By not joining the board, Musk is no longer subject to an agreement to keep his stake below 14.9%. Twitter shares gained 1.7% on Monday in New York.