Mercurial tycoon: By turning down a seat on Twitter’s board, Musk also gets out of a promise to keep his ownership stake in the company at 14.9% or below. — AP
NEW YORK: Tesla CEO Elon Musk’s great Twitter turnabout – in which he disclosed his massive stake in the social media company, got a seat on its board, publicly floated drastic changes and then turned down the board role – all happened in a week.
But its aftermath could linger if the mercurial billionaire who now holds a roughly 9% stake in Twitter continues to push forward his ideas for reshaping the business of social media.
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