Musk is sole director of Twitter after dissolving the entire Board of Directors!
SAN FRANCISCO, Kalifornia (PNN) - October 31, 2022 - In one of his first acts as the new owner of Twitter, Elon Musk dissolved the entire Board of Directors. The action was taken on Thursday as a part of Musk's $44 billion purchase of Twitter. The SEC filing was made public on Monday.
Elon Musk will serve as the sole director of the company. Previous board members were removed from their roles, leaving Musk as the only director.
The action was taken on Thursday as a part of Musk's $44 billion purchase of Twitter.
Previous board members included chairman Bret Taylor, as well as former CEO Parag Agrawal.
Musk has suggested instead that a council will be set up that will discuss content moderation decisions, and that those who committed minor infractions or were suspended for dubious reasons would be allowed back on the platform.
"Anyone suspended for minor and dubious reasons will be freed from Twitter jail," Musk wrote in response to Mikhaila Peterson, daughter of psychologist and author Jordan Peterson, who asked if Musk could reinstate her father’s account.
Musk wrote, "No major content decisions or account reinstatements will happen before that council convenes," but said that accounts suspended for "minor and dubious reasons will be freed from Twitter jail."
The SpaceX CEO has made clear though that Twitter would stay a civil place that is not a "hellscape." In a Thursday letter to advertisers, Musk wrote that Twitter is "important to the future of civilization," stating that it is a "common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence."
Musk continued on to state that "Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences."
"In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature."