Elon Musk disbands Twitter's board, cementing control over company

Elon Musk disbands Twitter's board, cementing control over company

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Key Facts

  • Here are the winners and losers 01:46 - Source: CNN CNN — Twitter’s board of directors was dissolved on Thursday following Elon Musk’s takeover of the company, according to a securities filing on Monday.
  • The company filing states that all previous members of Twitter’s board, including recently ousted CEO Parag Agrawal and chairman Bret Taylor, are no longer directors “in accordance with the terms of the merger agreement.”
  • Musk, according to the filing, became “the sole director of Twitter.”
  • This weekend, Musk was widely criticized for tweeting a link to a fringe conspiracy theory about the violent attack on Paul Pelosi, the husband of House Speaker Nancy Pelosi.

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