‘Chief Twit Elon Musk has now officially taken over as the new CEO of Twitter amid the micro-blogging platform bracing itself for deeper layoffs under him.
Guess what? At a time when Twitter is bracing itself for deeper layoffs, Chief Twit Elon Musk is officially the new CEO of the micro-blogging platform. Musk had earlier tweeted that he has "no idea" who the CEO of Twitter is but the latest US Securities and Exchange Commission (SEC) has stated that he is now the sole "reporting Person" at Twitter.
For the unversed, the "Reporting Person" is the Chief Executive Officer of the post-merger Company.
After he took over Twitter, he dissolved the Twitter board and even tweeted that "My title is Chief Twit right there in the bio. No idea who the CEO is".
Musk has also brought more than 50 employees from Tesla into Twitter to aid him in the transition, according to CNBC. According to the SEC filing, he is now "the sole director of Twitter".
It added, "In accordance with the terms of the Merger Agreement, effective as of the effective time of the Merger, 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.”
The recently ousted CEO Agrawal and Chairman Taylor are no more directors on Twitter’s board "in accordance with the terms of the merger agreement."
For the unversed, Musk reportedly fired Indian-origin CEO Agrawal, Chief Financial Officer Ned Segal, the company's policy chief Vijaya Gadde and others, after his takeover of Twitter last week.
