Twitter offered the board seat to Musk on Saturday, but the billionaire turned it down that same morning.
Musk's decision seems to have blindsided Twitter: at the time of writing, Musk remained listed on the company's website as aWedbush analyst Dan Ives said the unexpected move could signal a more aggressive approach from Musk towards buying Twitter stock. "This now goes from a Cinderella story with Musk joining the Twitter board and keeping his stake under 14.9%, helping move Twitter strategically forward, to likely a 'Game of Thrones' battle between Musk and Twitter," Ives told Insider.
He added there was a"high likelihood that Elon takes a more hostile stance towards Twitter and further builds his active stake in the company."Joining Twitter's board would have, as outlined in a Securities and Exchange Commission filing signed by Musk. As he is no longer joining the board, Musk can buy as much Twitter stock as he pleases – meaning he could attempt to acquire the company if he so wishes.Musk is a prolific user of Twitter, with over 81 million followers. Twitter's founder and former CEO