Musk may remain engaged

by IANS |

San Francisco, April 12 (IANS) Tech billionaire Elon Musk would not be joining Twitter's Board of Directors but he may still engage with the social media company's management on a variety of discussions, an amended regulatory filing with the US Securities and Exchange Commission (SEC) has clarified.

According to Teslarati, the Tesla and SpaceX CEO would be able to do this "without limitation".

Musk's update on his role as Twitter's single largest shareholder was reflected in an amendment to a Schedule 13D filing, which was dated Monday, April 11, 2022.

As per the purpose of the transaction outlined in the document, Musk might acquire and sell additional Twitter shares as he sees fit. Interestingly enough, a seat on Twitter's Board of Directors would have limited Musk's stake in the company to 14.9 per cent.

But with Musk declining the appointment, he could now acquire more of Twitter, the report said.

The amended filing also noted that Musk could discuss a variety of key topics with Twitter's management and Board of Directors.

These topics include Twitter's products and services, possible mergers in the future, and governance issues.

The amended filing further highlighted that Musk would be free to express his opinions about Twitter on social media or speak with the company's executives using the platform.

Latest News
Sensex falls 732 points on profit booking Fri, May 03, 2024, 05:02 PM
Trinamool's corruption akin to UPA's during its 10-year rule: PM Modi Fri, May 03, 2024, 04:53 PM
Over 50 die of heatstroke in Myanmar in April Fri, May 03, 2024, 04:52 PM
Germany summons Russian diplomat over cyberattack on ruling party Fri, May 03, 2024, 04:47 PM
Denmark raises limit for abortions to 18 weeks Fri, May 03, 2024, 04:45 PM
People have rejected Rahul Gandhi: Bihar Deputy CM Fri, May 03, 2024, 04:23 PM
Reluctant Rahul Gandhi finally steps in Raebareli to keep family flag high Fri, May 03, 2024, 03:49 PM
All that is left for them now is to murder me: Former Pak PM Imran Khan Fri, May 03, 2024, 03:41 PM
Another hostage in the Gaza Strip has died: Israel Fri, May 03, 2024, 03:39 PM
Congress ka haath, desh ke dushmano ke saath, says UP CM Yogi Fri, May 03, 2024, 03:35 PM
Ruchir Sharma's warning to West: Beware of bigger governments you wish for Fri, May 03, 2024, 03:34 PM
Cyber extortion top concern for 37 pc Indian firms: Report Fri, May 03, 2024, 03:09 PM
Apple Watch saves Delhi woman's life by alerting abnormal heart rhythm Fri, May 03, 2024, 03:04 PM
Bajaj Auto launches new flagship Pulsar at Rs 1.85 lakh Fri, May 03, 2024, 02:59 PM
Global smartphone market up 6 per cent in Q1, revenue at highest level: Report Fri, May 03, 2024, 02:58 PM