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Musk dismisses Twitter’s board of directors

Elon Musk and Twitter

American businessman Elon Musk

©Rafael Henrique/Keystone Press Agency/Global Look Press

Billionaire Tesla and SpaceX founder Elon Musk has dismissed the entire Twitter board of directors after acquiring the social network on October 27. He also said that he will now head the board of directors of the company.

“Mr. Musk became the sole director of Twitter as a result of the merger on October 27. In accordance with the terms of the merger agreement, at the time of the completion of the transaction, the persons who were directors ceased to be directors,” – said in documents posted on the database of the US Securities and Exchange Commission (SEC).

Musk announced his intention to lead the board of directors of Twitter after these documents were published. Who exactly will enter the new board of directors, the billionaire did not say.

On the eve of Elon Musk also spoke about a complete overhaul verification process user pages on the social network Twitter. The billionaire is considering the possibility of introducing payment for the “blue tick”. We are talking about the amount of $4.99 per month.

Elon Musk bought Twitter for $44 billion. The deal is officially closed, the company’s former management left the San Francisco headquarters.

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