প্রকাশ: 01/11/2022
Tesla Inc (TSLA.O) boss Elon Musk said in a filing on Monday
he will serve as chief executive of Twitter, the social media company he just
bought for $44 billion, a move that Wall Street analysts have said could
stretch the billionaire thin.
Musk, who also runs rocket company SpaceX, brain-chip
startup Neuralink and tunneling firm the Boring Company, fired Twitter's
previous chief, Parag Agrawal, and other top company officials last week.
Tesla's stock has lost a third of its value since Musk made
an offer to buy Twitter in April, compared with a 12% decline in the benchmark
S&P 500 index (.SPX) in the same period.
Musk had previously changed his Twitter bio to "Chief
Twit" in an allusion to his planned move.
Twitter on Monday declined comment on how long Musk might
remain CEO or appoint someone else.
In another filing on Monday, Musk revealed that he became
the sole director of Twitter as a result of the takeover.
"The following persons, who were directors of Twitter
prior to the effective time of the merger, are no longer directors of Twitter:
Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox,
Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou," Musk said
in the filing.
Shortly afterward, Musk tweeted that the move to dissolve
the board "is just temporary," without elaborating.
Last week, Musk's takeover of the social media company for $44
billion concluded a months-long saga.
Since the takeover Musk has moved quickly to put his stamp
on Twitter, which he had ridiculed for months for being slow to introduce
product changes or take down spam accounts.
His teams began meeting with some employees to investigate
Twitter's software code and understand how aspects of the platform worked,
according to two sources familiar with the matter.
Some staff who spoke with Reuters said they had received
little communication from Musk or other leaders and were using news reports to
piece together what was happening at the company.
- Reuters
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