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 9.2 per cent 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 per cent in trading before the opening bell, after closing up over 27 per cent on Monday.

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