Twitter to name top shareholder Musk to board By Reuters
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(Reuters) – Twitter Inc. (NYSE 🙂 said on Tuesday it would name top shareholder and Tesla (NASDAQ 🙂 boss Elon Musk to its board, a day after the billionaire disclosed a 9.2% stake in the social media company.
Musk will serve as a Class II director, with the term expiring at Twitter’s 2024 annual meeting of stockholders.
Twitter shares surged 6% in trading before the opening bell, after closing up over 27% on Monday.
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