Twitter has knowledgeable the Securities and Trade Fee that the corporate’s sole director is Elon Musk.
Within the associated discover, it was acknowledged that Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou will now not be on the board.
The dissolution of the board is amongst a sequence of modifications inside the 6-month interval after Tesla and SpaceX high government Musk purchased the corporate.
Following the acquisition, Musk parted methods on Twitter with some senior executives, together with chief government Agrawal, chief monetary officer Ned Segal, and head of authorized coverage Vijaya Gadde.
BARGAIN WITH STEPHEN KING
World-famous author Stephen King criticized the $ 20 claims made on paid Twitter. Arguing that Twitter ought to pay him, King acknowledged that he may go away the platform.
Responding to King, the brand new boss Musk made a cut price. Musk stated, “We have now to cowl the prices one way or the other. Twitter cannot simply depend on advertisers. How about $8?” stated.
BUYED FOR $44 BILLION
Elon Musk, who beforehand purchased a 9.2 p.c stake in Twitter, made a proposal of $54.2 per share for all the Twitter, in his notification to the SEC on April 14. Within the assertion made on April 25 on Twitter, it was reported that the settlement was reached for the sale of the corporate to Musk.
Elon Musk valued Twitter at $44 billion in complete. Musk had entered the Twitter constructing he had purchased with a sink in his hand.
LIMITS WILL RISE
Elon Musk acknowledged that some restrictions on Twitter can even be lifted. At present, the longest tweet on Twitter will be 280 characters, and the video size will be 2 minutes and 20 seconds.
In his earlier statements, Elon Musk acknowledged that he would additionally overhaul the $5 subscription Twitter Blue, which supplies numerous advantages for members. It’s also anticipated to handle the spam/bot account concern on Twitter.
Elon Musk stated, “I purchased Twitter as a result of it will be important for the way forward for civilization to have a shared digital city sq. the place a variety of beliefs will be mentioned in a wholesome and nonviolent approach.” used the phrase.
NEW ERA IN ADVERTISING ON TWITTER
Elon Musk acknowledged that he believes promoting can delight, entertain and inform folks when executed appropriately, and emphasised that you will need to present Twitter customers advertisements which can be as related to their wants as potential for this to be legitimate.
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