Twitter to name top shareholder Elon Musk to board

Twitter Inc said on Tuesday it would name top shareholder and Tesla boss Elon Musk to its board, a day after the billionaire disclosed a significant stake in the social media company. The appointment may temporarily block chances of an immediate takeover bid from Musk, something that analysts and investors had speculated after he reported a 9.2% stake, worth about $3 billion. Musk cannot own more than 14.9% of Twitter's common stock either as an individual shareholder or as a member of a group as long as he is the director of Twitter, the company said in a filing. "I'm excited to share that we're appointing @elonmusk to our board," Agrawal said in a tweet. "He's both a passi...Keep on reading: Twitter to name top shareholder Elon Musk to board