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Elon Musk, Again an Outsider at Twitter, Emerges as Unshackled Wild Card for Company


After unveiling a roughly 9% stake in Twitter, Elon Musk was offered a seat on the board, which he declined on Saturday.Photo: jim watson/Agence France-Presse/Getty Images

Elon Musk’s surprise decision not to join Twitter Inc.’s board gives the social-media company less control over its largest shareholder, paving the way for him to press for changes and speak out freely about the company as an activist investor.

After unveiling last week a roughly 9% stake in Twitter, Mr. Musk was offered a seat on the board, which he declined on Saturday.



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