On Monday, it was announced that Tesla CEO Elon Musk had bought a 9.2% stake in Twitter, making him the social media platform’s largest individual shareholder.
There was wild speculation about the Musk Man’s next move. Would he go from a passive investor to an activist investor? Would he still follow through on his musings about creating his own rival social media platform? Would he take over the company by continuing to buy shares?
Well, as of now, any potential plot to take over Twitter seems to be on hold…if it happens at all.
On Tuesday morning, Twitter executives announced that they were naming Elon Musk to their board of directors.
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