economy and politics

The board of directors of Twitter is dissolved after the purchase by Elon Musk

() — Twitter’s board of directors was dissolved following Elon Musk’s acquisition of the company, according to a filing with the US Securities and Exchange Commission.

The document states that all of Twitter’s former board members are no longer directors “under the terms of the merger agreement.” They include Bret Taylor, co-CEO of Salesforce; Parag Agrawal, the now dismissed CEO of Twitter; Omid Kordestani, president of the Pearson education company; David Rosenblatt, CEO of 1stDibs.com; Patrick Pichette, General Partner of Inovia Capital and former CFO of Google; Egon Durban, co-CEO of the private equity firm Silver Lake; Fei-Fei Li, a Stanford professor of computer science; Mimi Alemayehou, Senior Vice President of Strategic Growth at Mastercard; and British businesswoman Martha Lane Fox.

The announcement comes after Musk closed his deal to acquire Twitter on Thursday and swiftly fired at least four of its top executives, including former CEO Agrawal.

The questions behind the purchase of Twitter

The deal ended the uncertainty that has hung over Twitter’s business, employees and shareholders for much of the year. After initially agreeing to buy the company in April, Musk spent months trying to get out of the business, first citing concerns about the number of bots on the platform and then allegations raised by a company whistleblower.

But the acquisition of Musk and the immediate firings of some of his top executives now raise a series of new questions for the future of the platform and the many corners of society affected by it.

Musk has said he plans to rethink Twitter’s content moderation policies to usher in a more maximalist approach to “free speech.” The billionaire has also said he disagrees with Twitter’s practice of permanent bans for those who repeatedly violate its rules, raising the possibility that a number of previously banned users could resurface on the platform.

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