COMPANIES

No Data Found

NEWS

No Data Found
Advertisement
Elon Musk is officially the new CEO of Twitter

Elon Musk is officially the new CEO of Twitter

In another filing on Monday, Musk revealed that he has fired the entire board of directors for Twitter and now is the sole director of the social media giant

Rachna Manojkumar Dhanrajani
Rachna Manojkumar Dhanrajani
  • New Delhi,
  • Updated Nov 1, 2022 10:40 AM IST
Elon Musk is officially the new CEO of TwitterElon Musk is now the CEO of Twitter

The world's richest man and 'Chief Twit' of Twitter Inc, Elon Musk said in an SEC filing on Monday that he will serve as chief executive of Twitter. Musk will take on this role along with being the CEO of rocket company SpaceX, brain-chip startup Neuralink and tunneling firm the Boring Company, and the biggest EV company, Tesla. 
 
In another filing on Monday, Musk revealed that he has fired the entire board of directors for Twitter and now is the sole director of the social media giant. 
 
 Musk in the SEC filing said, "The following persons, who were directors of Twitter prior to the effective time of the merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou." 
 
 Shortly after the filing was public and made headlines, Musk replied to a tweet that shared the news of him being sole director by saying, "This is just temporary." 

Advertisement

The move comes three days after he completed his $44 billion takeover of Twitter. As his first order of business Musk fired the top brass of Twitter including its Indian-origin CEO Parag Agrawal and legal head Vijaya Gadde.
Musk changed his bio to 'Chief Twit' on Thursday indicating that the $44 billion deal is now complete. However, on Monday he changed his bio yet again to 'Twitter complaint hotline operator' indicating that he is now at the helm of the company. He has been receptive to queries and suggestions on Twitter and actively responded to most of them. This could be the reason why he calls himself the complaint hotline operator. 

Advertisement

In just a couple of days of owning the social media company, Musk has kickstarted his revamp plan. A report on Monday suggested that he will start the layoff by terminating a quarter of the total workforce.

For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine

Published on: Nov 1, 2022 8:47 AM IST
Post a comment