ADVERTISEMENT

Elon Musk Dissolves Board of Directors After Twitter Takeover

A securities filing on Monday revealed that after Elon Musk took over Twitter, its board of directors was dissolved.

Published
Tech News
1 min read
Elon Musk Dissolves Board of Directors After Twitter Takeover
i

The Quint DAILY

For impactful stories you just can’t miss

By subscribing you agree to our Privacy Policy

A securities filing on Monday, 31 October, revealed that after Elon Musk took over Twitter, its board of directors was dissolved on Thursday.

CNN Business reported that Musk is now "the sole director of Twitter." Former Twitter CEO Parag Agrawal and Chairman Bret Taylor are "no longer directors."

After the company's takeover last week, Chief Financial Officer Ned Segal, Head of Legal Policy, Trust, and Safety Vijaya Gadde, and others were fired as well.

On Thursday, Musk had tweeted that he was buying Twitter "because it is important to the future of civilisation to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner."

The deal to acquire Twitter, worth $44 billion, had started in April this year, when Musk announced that he had a 9.2 percent stake in the company, making him the platform's biggest shareholder.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

Read and Breaking News at the Quint, browse for more from tech-and-auto and tech-news

Topics:  Twitter   Elon Musk   Parag Agrawal 

ADVERTISEMENT
Speaking truth to power requires allies like you.
Become a Member
25
100
200

or more

PREMIUM

3 months
12 months
12 months
Check Member Benefits
Read More
ADVERTISEMENT
Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!
ADVERTISEMENT
More News
×
×