American billionaire Elon Musk has dissolved the board of directors of the company that runs the social networking site Twitter, solidifying his hold on the company after becoming its sole director.
The move was revealed in US Securities and Exchange documents.
Those financial documents claim that on October 27, following the “completion” of the acquisition of Musk, he became the sole administrator of Twitter.
The list of directors included nine executive directors, including former president Brett Taylor and former CEO Parag Agrawal.
Another board member, Baroness Lynn Fox, president of British Chambers, declined to comment when contacted by BBC News for comment.
The news broadly indicates that Musk and his team are also considering significant job cuts.
The Washington Post reports that the first of these cuts could affect one in four employees.
US media also report that Musk is introducing high-ranking allies to work on Twitter, including tech investor Jason Calacanis, who changed his job title in his Twitter bio, posting an image of a cup of coffee with the Twitter logo.
“A matter of national security”
In the midst of Musk’s scrutiny over the Twitter takeover, Democratic Senator Chris Murphy said he asked the U.S. government to review the national security implications given the large stake in Twitter owned by related companies. to Saudi Arabia.
“We need to be concerned that the Saudis, who have a clear interest in stifling freedom of political expression and influencing American politics, are now the second largest owner of a large social media platform,” Murphy wrote on Twitter.
He added: “There is a clear national security issue at stake and the CFIUS (US Foreign Investment Committee) should re-examine the issue.”
