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The Twitter hits the fan as Musk reveals he’ll be an active ...

World

The Twitter hits the fan as Musk reveals he’ll be an active investor

Tesla CEO takes a seat on the social media platform’s board and is already brimming with ideas for changes

Jillian Ward

Elon Musk has refiled the disclosure of his stake in Twitter to classify himself as an active investor, making the change after taking a seat on the social media company’s board.

The billionaire CEO of Tesla filed a form 13D with the US Securities and Exchange Commission (SEC) on Tuesday, disclosing a stake of 9.1%. The new filing indicates Musk plans to take an active role in shaping Twitter’s agenda. The form he used on Monday, a 13G, is reserved for investors who plan to be passive.

The board appointment ends the possibility of Musk mounting a takeover of Twitter, capping his ownership at 14.9% during his time on the panel, according to a filing with the commission on Tuesday. His ownership stake makes him Twitter’s biggest stockholder. ..

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