My theory is SEC threatened him with fines or worse. He deleted several tweets he made in past few days.

Second possibility is he’s preparing for a hostile takeover of Twitter

Looks like Elon has removed his tweet about removing the 'w' in Twitter, and this is the tweet he most recently liked.

Plot-twist:

The other board members sat him down and him "The Talk". He now understands Twitter makes $0 per year from ad sales, all their income comes from Gov contracts to push narratives. Realizes that banning people and limiting free-speech is the only thing keeping business alive and without it, his massive investment is worth nothing.

@elon joining the SN board instead

Still don’t know how genuine he is. If he cares about free speech and wants to have a say in Twitter’s decisions, he may want to buy more that 14% of stocks. If I understood well if he would join the board, he would also have to agree to dont buy more than that…

MOAR STOCK

When you cut through the corp speak in that message following stands out

• board thinks Elon is a risk going forward ("we were ... clear about the risks")
• board thinks Elon won't act in best interest of shareholders ("we also believed" in past tense)
• Elon went through background check and formal acceptance - that didn't work out. One of those two things failed.
• Twitter CEO is really unhappy about Elon ("I believe this is for the best")
  • Quite possibly the CEO is worried about hostile takeover and being fired (similarly to the hostile takeover of Instacart, where Apoorva Mehta was essentially fired by the board)

It's worth checking out who's on the board now: https://investor.twitterinc.com/corporate-governance/board-of-directors/default.aspx

I remember hearing when news broke out that him being on the board means he can't change his position in twitter (ie, how much he owns) while he is on the board as well as a period of time after (i wanna say 1-3 months) anyone else remember seeing something like this?