Elon Musk, Again an Outsider at Twitter, Emerges as Unshackled Wild Card for Company

Elon Musk’s shock determination to not be part of Twitter Inc.’s board offers the social-media firm much less management over its largest shareholder, paving the best way for him to press for modifications and converse out freely in regards to the firm as an activist investor.

After unveiling final week a roughly 9% stake in Twitter, Mr. Musk was supplied a seat on the board, which he declined on Saturday.