Three days after multi-billionaire Elon Musk formally completed the acquisition of the social media behemoth, Twitter announced in a securities filing on Monday that its board of directors had been dissolved.
Currently the only director of Twitter, a newly private business whose shares will be delisted from the New York Stock Exchange on November 8, is Musk, the South African-born American CEO of Tesla and SpaceX.
Twitter stated that nine members who were on the board before the merger are no longer directors in an item labeled “Departure of Directors or Certain Officers” in accordance with “the terms of the merger agreement.”
They include Bret Taylor, the organization’s former chairman, and Parag Agrawal, its former CEO.
After Musk fired four of the organization’s most senior officials, including Agrawal, last Thursday, this most recent action was widely anticipated.
According to the document, Musk took over as Twitter’s sole director on October 27 after the transaction was completed.
Musk, a self-described “free speech absolutist,” tweeted on Friday that Twitter will be establishing a “content moderation council with vastly diverse opinions,” among other upcoming initiatives.
Before that council meets, “no significant content choices or account reinstatements will happen,” he continued.
Former US President Donald Trump is the most well-known person to have been banned from the website. He was found to have broken Twitter’s Glorification of Violence policy for a pair of tweets two days after his supporters attacked the White House on January 6, 2021.
