The latest report from WSJ It states that Elon Musk has disbanded the Twitter board, with nine board members being fired, leaving Elon Musk as the sole Twitter director.
The details and terms of the acquisition agreement also revealed Musk had always planned to be the sole director.
Elon Musk wants to take Twitter to the next level, and Musk’s actions over the past few days are clear in his vision to bring the desired changes to the platform.
Before Twitter’s board was dissolved, the company’s CEO Parag Agrawal, CFO Ned Segal and head of legal and policy Vijaya Gadde were all laid off, while the company’s general counsel, Sean Edgett. was also asked to leave the San Francisco headquarters with three executives.
There have also been rumors that the Tesla CEO is planning to lay off 75% of its employees. However, several reports indicate that Musk has assured his employees that he will not act in such a way.
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