(CNN) – New Twitter billionaire Elon Musk dissolved Twitter Inc’s board of directors Thursday after successfully acquiring the company, according to a filing filed Monday with the US Securities and Exchange Commission.
The filing states that all former Twitter board members, including recently fired CEO Parag Agrawal and president Brett Taylor, were removed “in accordance with the terms of the merger agreement” and Musk became “the sole administrator of Twitter “.
While the move isn’t surprising, it highlights how the richest man in the world has quickly cemented his control over one of the world’s most influential platforms, with little, if any, control over his power over the company.
After Elon Musk completed his nearly $ 44 billion Twitter acquisition on Thursday, he fired at least 4 senior executives.
The new Twitter owner plans to rethink the company’s content management policies and permanently ban users who previously violated the platform’s policies, including former US President Donald Trump, though Elon Musk said over the weekend no decision had been made so far. that he intends to lay off a large number of company employees.
Although Musk has a reputation as an innovative entrepreneur, he is also known for his controversial behavior.
And this weekend, Elon Musk was widely criticized for tweeting a link on a conspiracy theory that questioned the reasons for the violent attack on Paul Pelosi, husband of US House Speaker Nancy Pelosi, but the tweet was subsequently canceled.
