Tayo Busayo – Billionaire businessman, Elon Musk, has dissolved the board of directors of his newly acquired social media company, Twitter.
He disbanded the 9-person board and sacked all its members, assuming the role of sole director of the Microblogging platform.
Musk had earlier on Friday, sacked Twitter’s Chief Executive, Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs, as well as Policy chief, Vijaya Gadde.
He had accused them of misleading him and Twitter investors over the number of fake accounts on the social media platform.
Musk took full control of Twitter following the completion of his $44 billion deal to acquire the company on Friday, last week.
Prior to the completion of the deal, the Tesla CEO had been vocal about his intention to take the company private as soon as the acquisition was finalized.
Musk has said he wants to “defeat” spam bots on Twitter, make the algorithms that determine how content is presented to its users publicly available, and prevent the platform from becoming an echo chamber for hate and division, even as he limits censorship.
According to The Verge, Musk also plans to introduce paid verification on the app and is set to charge users $20 for the badge.