Elon Musk dismissed the board of directors of Twitter after its acquisition on October 27 and became its sole director.
And U.S. Securities and Exchange Commission filings show that members of the previous administration vacated their positions after Musk completed his purchase of the company.
And one of the founders of Twitter, Jake Dorsey, retained a stake of about 2.4% of the company’s shares. He currently owns about 18 million shares worth about $1 billion.
Elon Musk fired a number of Twitter executives after the acquisition was completed, including CEO Parag Agrawal and CFO Ned Segal, according to media reports.
Official information about who remained on the board of directors has not yet been received.
Source: TASS