Elon Musk disbands Twitter’s board and asserts control over the company



CNN

Twitter’s board of directors was dissolved Thursday following Elon Musk’s takeover of the company, according to a securities filing on Monday.

All previous members of Twitter’s board, including recently fired CEO Barak Agarwal and chairman Brett Taylor, are no longer directors “per the terms of the merger agreement,” the company said in a filing.

Musk, according to the filing, became “Twitter’s sole director.”

The move, while unsurprising, highlights how the world’s richest man has quickly consolidated his control over one of the world’s most influential platforms, providing few if any checks on his authority over the company.

Soon after Musk closed his $44 billion deal to acquire Twitter on Thursday, Musk fired four of its top executives, including Agarwal.

Twitter’s new owner plans to review the company’s content review policies and permanent bans for users who have previously violated the site’s policies, including former President Donald Trump, although no major decisions have been made, he said over the weekend. He is also said to be planning major layoffs at the company.

While Musk has a reputation as an innovative entrepreneur, he is also known for erratic and controversial behavior. This weekend, Musk was widely criticized Tweeting A link to a fringe conspiracy theory about a violent attack on House Speaker Nancy Pelosi’s husband, Paul Pelosi.

Musk later deleted the tweet.

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