“Twitter Complaint Line Operator.” This is how it is described right now Elon Musk in his biography of the social network that he just bought for 44 billion dollars.
In this context, the billionaire dissolved the board of directors of Twitter. This is a move that comes as part of the merger deal that was completed last week.
In this way, the also CEO of Tesla, SpaceX and The Boring Company became the sole director of the platform. This will help you to have more control over the decisions that are made regarding Twitter and will also give you the opportunity to surround yourself with new people that you really trust.
— Elon Musk (@elonmusk) April 7, 2022
Who was removed from the board?
In a filing with the United States Securities and Exchange Commission (SEC), the company with the little blue bird revealed that Musk dismissed the board of directors and took over as director:
On October 27, 2022, and as a result of the consummation of the Merger, Mr. Musk became the sole director of Twitter.
Under the terms of the Merger Agreement, effective as of the effective time of the Merger, the following persons, who were directors of Twitter prior to the effective date of the Merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li, and Mimi Alemayehou.
it’s temporary
In response to a message explaining the news:
“Elon Musk dissolved Twitter’s board and became the sole director of the company. By having his own vision of what the platform should be, he is in a better position to make decisions related to this.”
The “chief tweeter” commented that this is temporary.
This is just temporary
— Elon Musk (@elonmusk) October 31, 2022
Editorial Team The editorial team of EMPRENDEDOR.com, which for more than 27 years has worked to promote entrepreneurship.