Twitter appoints Elon Musk to board after he becomes largest single shareholder
Social media company confirmed it has been working on an editing feature since last year after the Tesla chief executive runs a poll asking followers if they would like it added to the site Twitter has appointed Elon Musk to its board after the billionaire co-founder and chief executive of electric vehicle maker Tesla bought a 9.2 per cent passive stake in the social media company to become its single largest shareholder. Mr Musk will “serve as a Class II director with a term expiring at the company’s 2024 annual meeting of stockholders,” Twitter said, in a Securities and Exchange Commission filing before markets opening on Tuesday in the US. “For so long as Mr Musk is serving on the Board and for 90 days thereafter, Mr Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9 per cent of the company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, o...