According to a US Securities and Exchange Commission (SEC) filing on Monday, Elon Musk has dissolved Twitter’s board of directors following its acquisition of the company. Musk, according to the filing, became “Twitter’s sole director,” reports CNN. This confirms that instead of joining Twitter’s board of directors, Elon Musk is now his only replacement.
“On October 27, 2022, and as a result of the termination of the merger, Musk became the sole director of Twitter,” read the filing. “According to the terms of the merger agreement, effective as of the effective time of the merger, the following individuals, who were directors of Twitter prior to the effective time of the merger, are no longer directors of Twitter: Brett Taylor, Parag Agarwal, Omid, according to the SEC filing Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Lee and Mimi Alemayehou.
The company’s filing said all previous members of Twitter’s board, including recently ousted CEO Agarwal and Chairman Taylor, are no longer directors “in accordance with the terms of the merger agreement.” Musk took over as Twitter boss and his first assignment was reportedly to sack Indian-origin CEO Agarwal, chief financial officer Ned Segal, company policy chief Vijaya Gadde and others.
Musk said on Sunday that Twitter may soon expand or even get rid of the 280-character limit on the platform. He also confirmed that the company under him will consider increasing the length of the videos so that users can post longer videos. Also read- Twitter may start charging $20 per month for blue ticks: Report
In response to a user who asked if we could get rid of the character limit, or at least expand it, Musk said: “Absolutely”. Also Read – Twitter Chief Elon Musk Takes Job Cut To Avoid Stock Grant Rumors. Another user asked him about posting long videos on Twitter, to which he said: “100 percent”. Also Read – Users will soon be able to choose the Twitter version of their choice: Elon Musk
Musk, who acquired Twitter for $44 billion after a bitter fight, said in April this year that the micro-blogging platform needs long tweets, which are “overdue”. Twitter currently allows people to post in 280 characters.
(with inputs from IANS)
Became the only director to appear on BGR India for the first time after Elon Musk dissolved the board of Twitter.
