Twitter’s board of directors was dissolved Thursday following the company’s acquisition by Elon Musk, according to a securities filing on Monday.
The company document states that all previous Twitter board members, including recently fired CEO Parag Agrawal and chairman Bret Taylor, are no longer directors “under the terms of the merger agreement.”
Musk, according to the document, became “the sole director of Twitter.”
The move, while unsurprising, highlights how the world’s richest man quickly consolidated his control over one of the world’s most influential platforms, with little to no verification of his power over the company.
Almost immediately after Musk completed his $44 billion deal to acquire Twitter on Thursday, Musk quickly fired at least four of his top executives, including Agrawal.
Twitter’s new owner plans to rethink the company’s content moderation policies and permanent bans for users who have previously violated the platform’s policies, including former President Donald Trump, although he said over the weekend that no major decisions had been made yet. .
He is also planning major layoffs at the company.
While Musk has a reputation as an innovative entrepreneur, he is also known for his erratic and controversial behavior.
This weekend, Musk was widely criticized for tweeting a link to a conspiracy theory about the violent attack on Paul Pelosi, husband of House Speaker Nancy Pelosi.
Later, Musk deleted the tweet.
Source: CNN Brasil

Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.