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Elon Musk dissolves Twitter’s board of directors

Elon Musk has dissolved Twitter's board of directors - cementing his control over the social media platform reported in a BBC report.

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Elon Musk
Elon Musk

Elon Musk has dissolved Twitter’s board of directors – cementing his control over the social media platform reported in a BBC report.

After buying the company last week, the multi-billionaire will be its chief executive, ending months of back and forth over the $44bn (£38.3bn) deal.

He has moved quickly to put his mark on the firm, which is used by politicians and journalists around the world.

The reforms he is contemplating include changes to how Twitter verifies accounts and job cuts.

The Washington Post has reported that the first round of cuts is under discussion that could affect 25% of the company’s staff.

Top executives have already been removed, as Mr Musk brings in high-profile allies to the company.

The latest move will mean that he is now chief executive of three companies. Along with taking the top role at Twitter, Mr Musk is the chief executive of electric car maker Tesla and rocket company SpaceX.

However, he has indicated that his position at the social media company may be temporary.

 

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