From Yahoo.com…
Elon Musk rejected Twitter Inc’s offer to join its board, an abrupt turn even as he suggested ideas in a barrage of tweets ranging from removing advertisements to dropping the letter “w” in the social media company’s name.
The board held many discussions with Musk, Twitter Chief Executive Officer Parag Agrawal said in a note posted to the site on Sunday, while warning of “distractions ahead.” He did not, however, disclose the reason for the Tesla chief’s rejection.
The latest surprise stoked chatter on everything ranging from the possibility of a buyout to his moves to avoid further attention from the U.S. Securities and Exchange Commission.
Sources told Reuters that Musk had asked Twitter for a board seat even before the company’s invitation.
With the rejection, Musk, who is now the company’s biggest shareholder, is free to raise his stake above that limit.
