Elon Musk’s surprise decision not to join Twitter Inc.’s board gives the social-media company less control over its largest shareholder, paving the way for him to press for changes and speak out freely about the company as an activist investor.
After unveiling last week a roughly 9% stake in Twitter, Mr. Musk was offered a seat on the board, which he declined on Saturday. Over the weekend, the world’s richest man also unleashed a tweet storm full of criticisms, demands and apparent jokes about the company.
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