Elon Musk dodges limits in Twitter board seat refusal, say experts

Elon Musk’s rejection of a Twitter board seat frees him to boost his ownership stake in the social media platform and dodge obligations to promote its best interests, experts warned.
 

“This now goes from a Cinderella story with Musk joining the Twitter board and keeping his stake under 14.9 percent, helping move Twitter strategically forward, to likely a Game of Thrones battle between Musk and Twitter,” Wedbush analyst Dan Ives said in a note to investors.
 

Musk’s deal to join the board included an agreement to keep his share in the company under 15 percent.
 

But now, he can continue