Billionaire Elon Musk (51) has dissolved the text messaging service’s board of directors after taking over Twitter and sacking top management. The US billionaire has now dissolved his board of directors, after sacking top management just after completing the $44 billion acquisition last week.
The boss of electric car maker Tesla and the richest man in the world is now the “sole manager” of the online platform, according to a statement to the US Securities and Exchange Commission on Monday.
The previous nine executives, including Chairman of the Board Bret Taylor (43), would no longer remain in their posts. Musk has appointed himself the only new member ever. The tech billionaire bought Twitter back and forth on Thursday for months and put it into private ownership. The company was delisted from the stock market on Friday. (SDA/AFP)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
