The world’s richest person could now power the direction of a leading social media platform with a large stake and a position on the Board of Directors.
What Happened
On Monday, it was revealed Tesla Inc. CEO Elon Musk owns a 9.2 percent stake in shares of Twitter Inc. The stake makes Musk the largest shareholder in the company.Musk has now been appointed to Twitter’s Board of Directors, according to an 8-K filing on Tuesday. He will serve as a Class 2 Director with a term expiring at the 2024 Annual Meeting of Shareholders.
