Elon Musk Dissolves Twitter Board To Become Sole Director
Tesla CEO, Elon Musk, has gone through with his offer to purchase Twitter and since the transaction has gone through he has dissolved the board of directors for the social media platform, and so became the sole director. The members were removed from the board after its dissolution on Thursday, according to a report from the Securities and Exchange Commission.
The process of purchasing Twitter has been up and down with Musk going back on the deal part way through after accusing the social media platform of hiding information around bots on the site. Then with the court involved, Musk decided to go ahead with the original offer.
Musk recently took to his Twitter account to share photos of private messages from Yoel Roth, Head of Safety & Integrity for Twitter, which support Musk’s argument that evidence was hidden. Musk wrote:
“Wachtell & Twitter board deliberately hid this evidence from the court. Stay tuned, more to come …”
One of the messages reads:
“Literally doing what Elon is accusing us of doing”
With this in mind, fans understand why Musk has dissolved the Twitter board. Although it is not all bad blood as when other Twitter users started to criticise Roth, Musk publicly defended him. One user in particular called Roth a “nasty individual”. Musk wrote:
“We’ve all made some questionable tweets, me more than most, but I want to be clear that I support Yoel. My sense is that he has high integrity, and we are all entitled to our political beliefs,”
Musk has been making a lot of changes since he took over, including letting go of previous CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde who was head of legal, policy, and trust. Fans are seeing Musk also put out lots of ideas on his own Twitter page to gauge what users want to see change.