After taking over Twitter, Elon Musk took over sole power in the online network. After the star entrepreneur fired top management immediately after completing the $44 billion purchase last week, Twitter also dissolved the board of directors. The group announced this in a mandatory notification to the US Securities and Exchange Commission.
All nine members of the board of directors, which in US companies is superior to the executive board, similar to a supervisory board, have given up their posts. Musk appointed himself the only new director so far. The tech billionaire bought Twitter on Thursday after months of back and forth and transferred it to his private ownership. The company was delisted from the stock market on Friday.
