A group has accused the majority-white board that operates the Virginia estate of the nation’s fourth president of thwarting an agreement to share control.
Mr. Musk, Twitter’s biggest shareholder, is free to buy more stock in the company and could use the platform against itself. Some employees are dismayed.
The announcement reverses a decision last week, when Twitter said Mr. Musk would become a board member after amassing a 9.2 percent stake in the company.