Elon Musk has been named sole director of Twitter, dissolving the board in place before he completed his $44 billion acquisition of the company, the social media platform said in a securities filing on Monday.
Musk became the sole director of the company “in accordance with the terms of the Merger Agreement,” the company told the Securities and Exchange Commission.
Twitter’s board members Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou will no longer serve on the board, the company said.
The disbanding of the board is among the string of changes the billionaire Tesla and SpaceX CEO put in place after assuming ownership of the company last week, concluding a six-month process.
After the acquisition, Musk also reportedly let go of some of the company’s top executives, including Chief Executive Officer Agrawal, Chief Financial Officer Ned Segal and Vijaya Gadde, the head of legal policy.
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Elon Musk named sole director of Twitter, dissolves board https://t.co/QCNqray0D5 pic.twitter.com/UICYJ3TDrh
— The Hill (@thehill) October 31, 2022
"If you believe that it is important to combat disinformation … social media is an important arena for doing all of those things," @RadioFreeTom writes. "Abandoning this part of the public square to vandals and extremists … accomplishes nothing." https://t.co/cTYpaKXLOL
— Delia (@DeliaCabe) October 31, 2022
Elon Musk’s first weekend as Twitter’s owner was a disaster. Sources inside the company say we should expect things to get worse, @dlberes and @cwarzel write: https://t.co/4rFV2RcGLa
— Tom Nichols (@RadioFreeTom) October 31, 2022
The Reliable Sources A1: Elon Musk has filled the void vacated by Trump on Twitter, mirroring the former president's behavior on the platform through his promotion of conspiracy, attacks on news orgs, and desire to rule by tweet. https://t.co/2PNkJoXFU4
— Reliable Sources (@ReliableSources) November 1, 2022
Unless he's trying to tank this place on purpose, I've never seen somebody more out of their depth in my life. The dog has caught the car and is now demanding the car pay for gas. https://t.co/Pp5TcaAsIl
— Ben Collins (@oneunderscore__) October 31, 2022
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