BREAKING: Tesla CEO Elon Musk is set to be appointed to Twitter’s board of directors after he revealed he held a 9.2 percent stake in Twitter, which is the largest of any outside shareholder.
Twitter will appoint Tesla CEO Elon Musk to its board of directors, the company announced Tuesday.
As long as Musk is serving on the board, and for 90 days after, he will not be able to own more than 14.9 percent of Twitter’s stock, Twitter said in a Securities and Exchange Commission filing. Musk’s term on the board will expire at the social media company’s 2024 annual meeting of stockholders.
The move comes after Musk revealed he acquired a 9.2 percent stake in Twitter, making Musk the largest outside shareholder.
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