Elon Musk has dissolved Twitter’s board of directors


Elon Musk has dissolved Twitter’s board of directors, consolidating his control over the company, according to US filings.

The filing with the US Securities and Exchange Commission said all previous board members were no longer directors after Musk’s takeover was “consummated” on Thursday.

That includes ousted CEO Parag Agrawal and chairman Brett Taylor, it said, saying it was “in accordance with the terms of the merger agreement.”

This means that Musk, the richest man in the world, is the “sole director of Twitter”.

Musk is reportedly considering massive job cuts at the social media giant, according to reports.

The Washington Post reported that Musk plans to cut Twitter’s workforce by about a quarter of its staff — roughly 2,000 people — in a round of layoffs.

Twitter has not commented on the report.

Other changes reportedly being considered by the developer are charging up to $20 (£17) to get a site ‘blue ticked’.

Musk tweeted that the vetting process, highlighted in blue, would be overhauled, but did not elaborate. It is currently free.

According to tech site The Verge, the plan would see verification become part of the subscription-only Twitter Blue service and set the price.

This would reportedly mean verified users would have 90 days to subscribe or lose their blue tick.

In a further sign of Musk’s control over the company, US media also reported that the businessman had brought in allies to help run Twitter, including prominent tech investor Jason Calakanis.

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