EXPLAINER: What Twitter could do as privately held company

FILE - In this April 26, 2017, file photo is a Twitter app icon on a mobile phone in Philadelphia. If Elon Musk and Twitter get their way, the company will soon be privately held and under his control. The most obvious immediate change would likely be Twitter's stock being taken off the New York Stock Exchange. (AP Photo/Matt Rourke, File)

EXPLAINER: What Twitter could do as privately held company