Tuesday, November 5, 2024

Twitter’s board was dissolved after Elon Musk’s purchase

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(CNN) – board of directors Twitter It dissolved after Elon Musk’s acquisition of the company, according to a document filed with the US Securities and Exchange Commission.

The document states that all of Twitter’s former board members are no longer directors “under the terms of the merger agreement.” They include Brett Taylor, co-CEO of Salesforce; Parag Agrawal, now sacked Twitter CEO; Omid Kordestani, President of Pearson Education Company. David Rosenblatt, CEO, 1stDibs.com; Patrick Beechette, general partner of Inovia Capital and former CFO of Google; Egon Durban, co-CEO of private equity firm Silver Lake. Phi Fei Lee, Professor of Computer Science at Stanford University; Mimi Al Miho, Senior Vice President of Strategic Growth at Mastercard; British businesswoman Martha Lynn Fox.

This announcement comes after Mask closed Thursday agreed to acquire Twitter He quickly fired at least four of its top executives, including former CEO Agrawal.

The questions behind buying Twitter

The deal ended the uncertainty that plagued Twitter’s business, its employees, and its shareholders for much of the year. After initially agreeing to buy the company in April, Musk spent months trying to get out of business, citing first concerns about the number of bots on the platform and then allegations raised by a whistleblower from the company.

But the acquisition of Musk and the immediate dismissal of some of his top executives are now being raised A series of new questions for the future of the platform Many corners of society are affected by it.

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Musk said he plans to rethink Twitter’s content editing policies to take a tougher approach to “freedom of speech.” The billionaire also said he does not approve of Twitter’s practice of permanently banning those who repeatedly violate its rules, which increases the possibility that a number of previously banned users will appear on the platform.

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