Tesla CEO Elon Musk who closed the USD 44 billion twitter acquisition deal last week and took control of the micro-blogging platform dissolved the board on Monday and was named the sole director of Twitter, the social media platform said in a securities filing on Monday.
After closing the USD 44 billion acquisition deal on Thursday, Elon Musk has started to reform the policies of the micro-blogging platform and is wasting no time remodeling it by cutting off employees, and introducing plans for a council to determine content decisions.
As per sources, Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company's San Francisco headquarters and will not be returning as Musk began the purge of executives after closing the expected deal.
Elon Musk visited the headquarters of Twitter in San Francisco and walked the office halls carrying the bowl of a sink on Wednesday ahead of his USD 44 billion Twitter acquisition deal, which he may face a trial if not closed by the end of this week.