![]() But it leaves Twitter - which has survived founder infighting, boardroom revolts and outside shareholder ire - with an activist investor unlike any other. Musk, who has more than 81 million followers on Twitter, and the company’s executives and board members is unclear. Then on Sunday, Twitter abruptly said all of those bets were off and that Mr. A day later, he was invited onto Twitter’s 11-person board and agreed to not own more than 14.9 percent of the company or take it over. Musk had accumulated stock, now worth more than $3 billion, in the company. The filing followed a week of high-stakes drama between the billionaire and the company. “But at least we weren’t being actively trolled by prospective board members using the product we created.” “Twitter has always suffered more than its fair share of dysfunction,” said Jason Goldman, who was on Twitter’s founding team and served on its board of directors in the past. Musk, 50, Twitter’s largest shareholder and one of its highest-profile users, could very well use the social media platform against itself and even buy enough shares to take over the company. Either way, the filing encapsulated the treacherous situation that Twitter now finds itself in. It was a promise - or perhaps it was a threat. And he reserved the right to “change his plans at any time, as he deems appropriate.” He could freely express his views about Twitter on social media or other channels, the document noted. Musk could, if he chose, buy more shares of Twitter and increase his ownership of the company, according to the document, which was filed with the Securities and Exchange Commission. In it, the world’s wealthiest man laid out his possible intentions toward Twitter, in which he has amassed a 9.2 percent stake, underlining how drastically his position had changed from a week ago. SAN FRANCISCO - Bright and early on Monday, Elon Musk sent the government a surprising new document. Elon Musk has offered to buy Twitter, follow our live coverage of the news.
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