Elon Musk’s appointment to Twitter’s board restricts his influence — for now

Elon Musk’s arrival on Twitter’s board has sparked both hopes and fears about the platform’s future, but his appointment has constrained his power — for now. Musk has agreed to cap his Twitter stake at 14.9% during his stint on the board and for 90 days thereafter. His term is set to end in 2024. The Tesla tycoon’s existing 9.2% stake makes him the platform’s largest shareholder. If he wants to push it over 14.9%, he will have to relinquish his seat. The restriction applies to Musk as either the sole owner or as a member of a group —…This story continues at The Next WebOr just read more coverage about: Twitter

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