Elon Musk confirmed that he will not be joining Twitter’s board of directors while hinting that he will not be silenced on his views about the direction of the platform or how it’s being run.
In a Securities and Exchange Commission filing dated April 9, Musk confirmed that he declined Twitter’s invitation last week to join its board, and signaled multiple ways he could exert influence on the firm moving forward.
The filing indicates that Musk – the CEO of Tesla and wealthiest person in the world – may increase his 9.2% stake in Twitter, which is significant because joining the board would have prohibited him from owning more than 14.9% of the company during his tenure. Without that restriction, Musk – already Twitter’s largest shareholder – could buy an even bigger chunk of the firm.
Musk, who has been a frequent critic of the social media giant even on its own platform, also hinted that he does not intend to stay quiet about his views on the company either directly to its management team or in the public sphere.
