Musk Throws Out The Board At Twitter
(AmericanProsperity.com) – Elon Musk has finally sealed the deal to acquire Twitter after months of going back and forth on the idea. Since the day the world’s richest man declared his intention to purchase the social media platform, speculation about why he would want to buy it spread like wildfire. While Musk’s exact intentions are unknown, he’s certainly made an impact with the company after dissolving the board of directors.
JUST IN: Elon Musk named sole director of Twitter, dissolves board https://t.co/oVTFjuaYhl pic.twitter.com/Iy1pvlVkPa
— The Hill (@thehill) October 31, 2022
According to a filing with the Securities and Exchange Commission (SEC), Musk became the sole director of Twitter, which put the new owner in compliance with the Merger Agreement. The billionaire wasted no time making changes, dissolving the board and firing its top executives, including CEO Parag Agrawal, who also served on the company’s board of directors.
Musk is now the CEO of three companies in the US: electric car manufacturer Tesla, rocket company SpaceX, and now the social media platform. The new Twitter director is just getting started with the changes he wants to make to the company. He has plans to reinstate people who had their accounts banned in the past including former President Trump. Musk wants to create a content moderation council as well, putting the group in charge of major content decisions. Also in the new CEO’s plans is the idea of a $20 monthly subscription plan for users who want to access the verified account feature.
~Here’s to Your Prosperity!
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