The world’s richest person, Elon Musk, has dissolved Twitter’s board and made himself the “sole director” of the microblogging site.
This was disclosed via the company’s securities filing on Monday.
The company filing stated that all previous members of Twitter’s board, including recently ousted Chief Executive Officer, Parag Agrawal, and chairman Bret Taylor, are no longer directors “in accordance with the terms of the merger agreement”.
It noted that the move was taken as part of Musk’s $44 billion purchase of Twitter.
READ ALSO: Verified Twitter users to pay $20 monthly for verification badge
The new Twitter owner had hinted at plans to rethink the company’s content moderation policies and permanent bans for users who previously violated the platform’s policies, including former United States President, Donald Trump.
He, however, said over the weekend that no major decisions have been made yet.
Musk is also reported to be planning large layoffs at the company.
While Musk has a reputation as an innovative entrepreneur, he is also known for erratic and controversial behaviour.
The Tesla boss was widely criticised last Weekend for tweeting a link to a fringe conspiracy theory about the violent attack on Paul Pelosi, the husband of the Speaker of the United States House of Representatives, Nancy Pelosi.
- 1.8mbpd crude oil production: Tantita lauds NNPCL, committed to 2mbpd target - November 15, 2024
- ‘Dedicated patriot’: PAP boss mourns Chief of Army Staff Lagbaja - November 15, 2024
- Wike counters Falana: Nothing wrong building houses for judges - November 15, 2024
