AccordingtoasecuritiesfilingonMonday,Twitter’sboardofdirectorswasdissolvedonThursdayfollowingElonMusk’stakeoverofthecompany.
Accordingtothefiling,allformermembersofTwitter’sboardofdirectors,includingrecentlyoustedCEOParagAgrawalandchairmanBretTaylor,arenolongerdirectors“inaccordancewiththetermsofthemergeragreement.”
Accordingtothefiling,Muskisnow“thesoledirectorofTwitter.”
Muskisknownasaninnovativeentrepreneur,butheisalsoknownforhiserraticandcontroversialbehaviour.
MuskwaswidelychastisedovertheweekendfortweetingalinktoafringeconspiracytheoryaboutaviolentattackonPaulPelosi,thehusbandofHouseSpeakerNancyPelosi.
Musklaterremovedhistweet.
Whilenotsurprising,themovedemonstrateshowtheworld’srichestmanhasquicklycementedhiscontroloveroneoftheworld’smostinfluentialplatforms,withfew,ifany,checksonhispoweroverthecompany.
AlmostimmediatelyafterMuskcompletedhis$44billionacquisitionofTwitteronThursday,Muskfiredatleastfourofthecompany’stopexecutives,includingAgrawal.
ThenewownerofTwitterintendstorethinkthecompany’scontentmoderationpoliciesandtoimposepermanentbansonuserswhohavepreviouslyviolatedtheplatform’spolicies,includingformerPresidentDonaldTrump,thoughhestatedovertheweekendthatnomajordecisionshavebeenmade.
Heisalsosaidtobeplanningsignificantlayoffsatthecompany.
