A document filed with the United States Securities and Exchange Commission confirms that the new owner of the microblogging social network made a rather drastic decision after confirming the purchase.
This is the dissolution of the board of directors of Twitter, after the former members have ceased to hold the position of directors “in accordance with the terms of the merger agreement.”
After dissolving the company’s board of directors, Musk went on to become its CEO, which in turn will allow him to take full control of the platform.
The document presented to the US financial regulators indicates that the executive director, the financial chief and the leaders of the legal and policy team of the social network had been fired from Twitter after the millionaire purchase for more than USD 40,000 million.
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It is worth mentioning that the South African tycoon, also founder of Tesla and SpaceX, had changed his profile data to ‘Chief Twit’ after the acquisition, although he later updated his personal information back to ‘Twitter Complaint Hotline Operator’ (operator of the complaint line).
The entrance Elon Musk dissolves the board of directors and takes full control of Twitter was first published in diary TODAY.
