Elon Musk Dissolves Twitter's Board And Makes Himself “Sole Director”

Elon Musk has made another major move in his Twitter takeover.
Credit: Apex MediaWire / Alamy.
The billionaire has reportedly dissolved the social media platform's board and crowned himself as "sole director" of the company.

Per The Independent, a new SEC filing shows that all previous members of the board were removed from their roles last week on Thursday (October 27).

It had already been reported that Musk fired a large swathe of Twitter's top executives, including CEO Parag Agrawal, chief financial officer Ned Segal, and legal affairs and policy chief Vijaya Gadde.

However, the new information reveals that he also let go of nine directors - including board chairman Bret Taylor - within days of purchasing the company for $44 billion.
Credit: John Angelillo/UPI
Sacking Twitter's board is just one of many changes the Tesla boss has already begun implementing. The SpaceX founder has been using his own Twitter account to drop hints as to what he has in store for the platform.

Over the weekend, he revealed that the process by which users gain a 'verified' blue tick was being rethought. "The whole verification process is being revamped right now," he wrote.

Musk also hinted earlier this year that he might reinstate blocked users like former President Donald Trump. The billionaire announced that if his bid to buy Twitter was successful he would "reverse the permanent ban" against Trump's account.

"Permanent bans should be extremely rare and really reserved for accounts that are bots, or scam, spam accounts… I do think it was not correct to ban Donald Trump," Musk said at the time, per CNBC.
Credit: The Photo Access / Alamy
However, it looks like all of Musk's changes and promises aren't pleasing everybody on Twitter. Many famous faces are fleeing the platform, announcing that they aren't willing to stick around and see what he has in store.

Grey's Anatomy screenwriter Shonda Rhimes bid farewell to Twitter on Saturday (October 29), writing: "Not hanging around for whatever Elon has planned. Bye."

This Is Us producer Ken Olin followed suit, tweeting: "I’m out of here. No judgement."

"Let’s keep the faith. Let’s protect our democracy. Let’s try to be kinder. Let’s try to save the planet," Olin added.

Please don't forget to SHARE this with your friends and family.

Click here for Comments

0 commentaires :