Elon Musk fired Twitter’s board of directors and named himself its only member.

According to a company filed with the US Securities and Exchange Commission, Bret Taylor, former chairman of the board, and Parag Agrawal, former chief executive, are among the nine directors ousted.

Mr. Musk completed its $ 44 billion acquisition of the social media platform last week after months of legal wrangling.

The the richest man in the world is considering major changes as he embarks on his first week as the company’s new CEO.

It is thought to be flirting with the idea of ​​asking users to pay for verification – known as a “blue tick” – granted to celebrities, politicians, business owners and journalists.

Jason Calacanis, a venture capitalist who is working with Musk, tweeted a survey asking users how much they would be willing to pay for the blue tick that Twitter uses to verify high-profile accounts so that others know it’s really them. .

Mr. Musk responded to the poll saying, “Interesting.”

In response to a user asking for help with verification, Mr. Musk tweeted on Sunday: “The whole verification process has been renewed at this time.”

On the same day Musk bought Twitter, Saudi Arabian billionaire Prince Alwaleed bin Talal announced that he was rolling over his $ 1.9 billion (£ 1.7 billion) in shares, making him the company’s largest shareholder after. Musk.

The move sparked concern among some politicians, including US Democratic Senator Chris Murphy.

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Musk’s early hours as a Twitter boss

“National Security Issue”

Murphy has since asked the Foreign Investment Committee to investigate the national security implications of his Twitter investment.

“We should be concerned that the Saudis, who have a clear interest in suppressing political discourse and impacting US politics, are now the second largest owner of a large social media platform,” Murphy tweeted.

“There is a clear question of national security at stake as well [the Committee on Foreign Investment in the United States] should do a review. “

Shortly after closing the deal Thursday, Musk fired Mr. Agrawal and other senior executives. So far it is uncertain if and when it could start large-scale layoffs.

Read more:
Ten people Musk could report on Twitter, lifting their permanent bans
Super app or Wild West? The future of Twitter under Elon Musk

The Tesla and SpaceX boss has made several statements since the beginning of this year on how to “fix” Twitter.

He promised to reduce some of the platform’s content restrictions to promote free speech, but on Friday he announced that no major decisions will be made on content or restoring banned accounts until a “content moderation council” is established. with different points of view.

He later qualified that statement, tweeting “anyone suspended for minor and dubious reasons will be released from Twitter jail.”

It is speculated that Donald Trump, the former US president who was banned from Twitter following the January 6 uprising on the US Capitol, could be readmitted to the platform now that Musk has taken over.

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