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If Elon was on the board, then he would be even more liable for what he tweets. And i think Elon wants more liberty to tweet without the sec on his back even more.

Sounds like he has the best of both worlds holding the stocks and staying out of the board.

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Yep, he’s owe fiduciary duties to other shareholders if he were on the board. This way he can tweet and make demands that might be ostensibly bad for profit-seeking investors.

That, and also he would have been partly responsible for Twitters decisions and it was obvious that he would not get his way w/o a fight.

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