News

Elon Musk Just FIRED The Twitter Board!

Elon Musk Takes Twitter Private, Reshaping Leadership and Ownership Structure

In a landmark move, Elon Musk has officially taken Twitter private, dismissing the entire board of directors as part of his acquisition. The outgoing board, led by Brett Taylor, confirmed the deal via a tweet, marking the end of a contentious process that saw Musk critique their management and strategies.

Musk had been vocal about his opposition to the board’s “poison pill” strategy, designed to prevent his takeover by diluting his stake if it exceeded 14.9%. Musk described the strategy as a self-serving move that disregarded shareholders’ interests, further fueling his determination to restructure the company.

As part of the acquisition, Jack Dorsey, Twitter’s co-founder and former CEO, is set to receive an estimated payout of nearly $1 billion. Dorsey’s inclusion in the new board is a strong possibility, signaling a potential return to influence under Musk’s leadership.

Musk has announced plans to eliminate board salaries, a decision he claims will save approximately $3 million annually. He argued that the previous board members had largely passive roles, and his focus will be on creating a more streamlined, active leadership team.

While the future of Twitter’s current CEO, Parag Agrawal, remains uncertain, Musk has hinted that he may retain his position, depending on the direction of the company under its new management.

The acquisition also brings substantial payouts for major stakeholders, including the Vanguard Group and Kingdom Holding Company. The Vanguard Group is expected to receive approximately $4.5 billion, underscoring the significant financial shifts involved in the transition.

Musk’s vision for Twitter’s future includes a focus on innovation, transparency, and maximizing the platform’s potential as a global town square. As the company transitions into private ownership, the changes under Musk’s leadership are likely to redefine its operations and role in the tech industry.

Related Posts

BREAKING: Karoline Leavitt Announces She’s Leaving the US—“I Got No Respect”. After facing backlash, Karoline Leavitt made a shocking announcement that sent shockwaves through social media, revealing one individual who forced her to leave the US

Karoline Leavitt, a rising figure in conservative political circles, made a stunning announcement late Tuesday that she is officially leaving the United States. Her unexpected departure has sparked…

Elon Musk’s Tesla Diner Opens In LA With Movie Screens, Robot Servers And Comfort Food

In 2025, Musk had shared his plan for the diner, stating that he was “gonna put an old school drive-in, roller skates and rock restaurant at one of…

Trump releases evidence accusing Mr. Obama of committing treason

Trump accused the former US President Obama leading the conspiracy to “steal the election” in 2016, calling for punishment of “treason”. A few days after posting a video…

BBC News reports: 30 minutes ago! The White House faces backlash after President Trump hints at deporting billionaire Elon Musk amid the ‘America Party’ battle

BBC NEWS: TRUMP’S SHOCKING DEPORTATION THREAT AGAINST ELON MUSK SPARKS OUTRAGE AMID ‘AMERICA PARTY’ FEUD In a stunning escalation of political tensions, President Donald Trump has ignited a…

Tiger Woods bluntly announced the termination of his sponsorship deal with tech company Astronomer after CEO Andy Byron was caught attempting to engage in an extramarital affair with subordinate employee Kristin Cabot. “We will stand by and protect mothers—no matter what,”

Tiger Woods Drops the Hammer: Astronomer CEO Andy Byron’s Viral Scandal Erupts, Sponsorship in Flames Love, Lies, and a Viral Video It started, as these things so often…

5 MINUTES AGO: The CEO of ASTRONOMER was allegedly caught in a hotel cheating video — leaked by an insider employee…

Astronomer Scandal: CEO Criticizes Coldplay for Exposing Alleged Infidelity A Coldplay concert in Boston, Massachusetts, became the epicenter of a viral scandal that has rocked both the tech…

Leave a Reply

Your email address will not be published. Required fields are marked *