Elon Musk has fired Twitter’s board and named himself the sole member.
Former board chairman Brett Taylor and former CEO Parag Agrawal were among the nine directors ousted, according to company filings with the Securities and Exchange Commission.
Mr. Musk completed his $44 billion acquisition After months of legal wrangling, the social media platform’s remarks came in last week.
This World ‘s richest man In his first week as the company’s new CEO, he’s considering big changes.
He is thought to be considering requiring users to pay for verification of celebrities, politicians, business leaders and journalists – known as a “blue tick”.
Jason Calacanis, a venture capitalist working with Musk, tweeted a poll asking how much users would be willing to pay for the blue tick that Twitter uses to verify high-profile accounts in order to Others know it’s really them.
“Interesting”, Mr. Musk said in response to the poll.
“The whole verification process is now improving,” Musk tweeted on Sunday in response to a user seeking help with verification.
On the same day Musk bought Twitter, Saudi Arabia’s billionaire Prince Alwaleed bin Talal announced he would hold $1.9bn (£1.7bn) in stock, making him the successor to Musk. The company’s largest shareholder.
The move has raised concerns among some politicians, including U.S. Democratic Senator Chris Murphy.
“National Security Issues”
Mr. Murphy has since asked CFIUS to investigate the national security implications of his Twitter investment.
“We should be concerned that Saudis with a clear interest in suppressing political speech and influencing US politics are now the second largest owners of major social media platforms,” Mr Murphy tweeted.
“There is a clear national security concern [the Committee on Foreign Investment in the United States] A review should be done. “
Musk fired Agrawal and other executives shortly after closing the deal on Thursday.It is uncertain if and when he can start Mass layoffs.
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Since the beginning of the year, Tesla and SpaceX bosses have made multiple announcements about how to “fix” Twitter.
He has pledged to cut some of the platform’s content restrictions to promote free speech, but announced on Friday that no major decisions would be made on content or reinstating banned accounts until a “content moderation committee” with disparate views was formed.
He later qualified the statement, tweeting that “anyone suspended for minor and suspicious reasons will be released from Twitter jail.”
There has been speculation that former U.S. President Donald Trump, who was banned from Twitter after the Jan. 6 riots in the Capitol, may now be allowed to return to the platform when Musk takes over.