Elon Musk's possible Twitter plans explained: From possible hostile takeover to a fun distraction

Analysts have speculated that Elon Musk’s roller coaster journey as Twitter’s largest shareholder could be part of a ploy to stage a hostile take-over of the company, while others claim the social media platform may just be a fun distraction for the billionaire.Musk revealed he last week that he had become Twitter’s largest shareholder, with a 9.2 percent stake in the company, on March 14.One day after he disclosed his stake, platform CEO Parag Agrawal announced the Tesla co-founder had been invited to the join the company’s board of directors, a seat he gladly accepted.By accepting the board seat, Musk was limited in how much of the company’s shares he could own, with a 14.9 percent cap. However, on Sunday Parag announced the SpaceX CEO formally declined his board seat.Musk, 50, signed the new filing with the Securities and Exchange Commission (SEC) Monday indicating he had declined his board seat.The document stated Musk could ‘express his views’ about Twitter’s policies and services to the board or on social media. He could also purchase additional shares or sell Twitter stock, if he saw fit.The usually vocal tech tycoon has not commented on his decision to forgo board membership.Here, DailyMail.com explains what the…
Read More