I’m the captain now: Musk chops Twitter board, becomes sole director
According to an SEC filing, Twitter’s nine board members lost their place on the board as part of Elon Musk’s takeover deal. Crypto-friendly billionaire Elon Musk has become the sole director of Twitter, following the dissolution of nine former board members, according to newly filed documents. In an SEC filing dated Oct. 27, the “consummation” of Musk’s takeover of Twitter came with the dissolution of Twitter’s board members, including Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou.“On October....
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The Chief Twit or new CEO of the social media platform Twitter, Elon Musk, made another controversial decision. Yesterday, the billionaire and entrepreneur fired the company’s board, appointing himself as the sole director and decision maker. Related Reading: Dogecoin: Elon Musk Skyrockets The DOGE Price Again, Here’s What’s Happening The Dogecoin supporter went against the […]
Elon Musk is yet to officially take over Twitter but the billionaire’s bid to purchase the social media platform has been approved by the board. Ahead of Musk officially taking over, he has been publicly posting his plans for Twitter. One of those even before his bid was accepted was that he planned to eliminate […]
According to multiple reports stemming from people familiar with the matter, Twitter has been engaged in negotiations with Elon Musk over his proposal to purchase the social media platform for $46.5 billion. Sources detail that a number of Twitter shareholders allegedly reached out to the company’s board after Musk detailed his financing plans last week.
Reports Say Elon Musk Could Acquire Twitter by the End of the Day
Three days ago, Bitcoin.com News reported on Elon Musk’s plans to improve Twitter which include removing spam bots and making sure free speech is....
The board stated that Twitter will be hosting a virtual meeting at an unspecified date to vote on the merger ahead of its deadline on Oct. 24. The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant.Twitter’s board of directors initially accepted the $44 billion takeover bid at $54.20 per share in late April, and shareholder approval is the final hurdle to the deal going through bar any potentially erratic antics from Musk.According to a June 21 U.S. Securities and Exchange Commission (SEC) filing, Twitter’s board of....
And so, there he goes. Bitcoin “cheerleader” Jack Dorsey is out from the Twitter board. The former Twitter CEO resigned from the company’s board of directors on Thursday, effective immediately, barely weeks after having played a significant part in the company’s acquisition by Elon Musk. At a time when Musk’s $44 billion buyout of the […]