Elon Musk’s purchase of Twitter went through on Thursday evening, and he has now named himself the ‘sole director’ of the company. The business mogul had previously clashed with then-CEO Parag Agrawal when trying to join the board of directors, and fired him almost immediately as one of his first moves at Twitter.
The New York Times suggested that Musk will soon appoint a new board of directors in the coming weeks. However before this anticipated decision, Musk is pulling strings as per the takeover of ‘Chief Twit’, a name he now calls himself in his new Twitter bio.
Concerns have also arisen as Musk’s belief in absolute free speech may infiltrate the content moderation of Twitter. Campaigners believe that harassment and hate speech will grow on the site without monitored control. According to Twitter user Yoel Roth, the company is not controlling its policies already.
Musk offered to buy the company last April at $54.20 a share after becoming the biggest shareholder in the company, but said he would pull the offer due to the alleged number of bots on the site. Twitter attempted to force Musk into the deal after he pulled out, and sued him accordingly.
Musk renewed his original offer in early October, and will start a series of changes as part of his new purchase, according to the SEC Filing which was made public this Monday. This has apparently begun with him deciding to become “sole director” of the social media platform.