Poof! Elon Musk dissolves Twitter’s board of directors, names himself CEO

Twitter owner Elon Musk wasted no time after buying the company last week, has now dissolved Twitter’s board of directors and named himself CEO. Musk last week fired the previous CEO, Parag Agrawal, and other top company officials, having them promptly escorted out of Twitter headquarters by company security.

Elon Musk
Elon Musk

The Beeb:

He has moved quickly to put his mark on the firm, which is used by politicians and journalists around the world.

The reforms he is contemplating include changes for how Twitter verifies accounts, as well as job cuts.

The Washington Post has reported that a first round of cuts is under discussion that could affect 25% of the company’s staff.

The latest move will mean that he is now chief executive of three companies. Along with taking the top role at Twitter, Mr Musk is chief executive of electric car maker Tesla and rocket company SpaceX. However, he has indicated that his position at the social media company may be temporary.

Twitter co-founder Jack Dorsey has rolled his entire stake of 18m shares, worth almost $978m at the buyout price of $54.20, into the new private company, according to a filing with the US Securities and Exchange Commission on Monday.

Mr Dorsey, who left Twitter’s board in May, supported Mr Musk’s purchase of the firm.

Mr Musk, who also leads electric car maker Tesla, changed his profile details on the social media site to “Chief Twit” after the takeover. It has since been updated to “Twitter Complaint Hotline Operator”.

He is now the sole director of Twitter, another filing on Monday showed.

MacDailyNews Take: Fully bastardized, corrupted, and utterly tarnished from within, Twitter is now a private company that deserves a very thorough cleaning (hence the sink).

Broken long ago, Twitter is a slanted, myopic joke as it is currently run.MacDailyNews, April 14, 2022

Twitter can be made valuable, worth far in excess of $54.20 per share, if the platform is returned to an open “town square” marketplace of ideas, sans heavy-handed, one-sided censorship, shadow-banning, etc.

Hopefully Musk will be an agent of change for a platform that should, at this point, be considered a public utility that allows for all viewpoints to be openly discussed.

Elon Musk is a doer. — MacDailyNews, October 21, 2022

The doers are the major thinkers. The people that really create the things that change this industry are both the thinker and doer in one person. – Steve Jobs

A few more quotes:

• Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech. ― Benjamin Franklin

To view the opposition as dangerous is to misunderstand the basic concepts of democracy. To oppress the opposition is to assault the very foundation of democracy. ― Aung San Suu Kyi

• Because if you don’t stand up for the stuff you don’t like, when they come for the stuff you do like, you’ve already lost. ― Neil Gaiman

Censorship reflects society’s lack of confidence in itself. It is a hallmark of an authoritarian regime. – Potter Stewart

• Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers. ― United Nations

• If freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter. ― George Washington

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      1. What is it you are trying to say, James? Your comment is obtuse and there’s no clarity of your meaning nor anything communicated. Please try again and be explicit.

    1. Fake news. The Brazilian President just announced (without conceding) that he will step down. As well he should, having lost.

      I guess the Brazil military told him no — which means they have more respect for the rule of law than half the folks on this website.

        1. This is something worth posting? People have been removing yard signs from the moment yard signs became a thing. Before then, people were removing signs tacked on to telephone poles. This is politics 101, performed every day, at every level, from elementary school class president to the US President. And you’re surprised?

        1. This key event is outrageous. The person who left the keys (assuming it wan’t deliberate as part of a plan to commit fraud) should be fined and given a month off without pay; the “respondent” needs to be fired for numerous violations and a failure to comprehend both the voting security processes as well as his duties. And the librarian must be told that she’ll be fired if they ever have any involvement in the voting process or the handling of hardware that is part of that process.

      1. Nov. 7, 2022, have you heard the latest out of Brazil regarding the election? Probably not if you relied upon the corporate media of America choosing what news is fit to expound upon, as long as it fits their narrative.

        Anyway, in Brazil, the president may have stepped down, but it doesn’t mean that the same scumbags there didn’t do what the same scumbags in America did in 2020.

        The people know. You can piss down their back and tell them it’s raining. But the people know!

    2. I’m pretty sure a US military audit would have come to the same conclusion. That the stolen election claims are a total load of horse shit!

      Which is more plausible?

      Option A. Thousands (Maybe hundreds of thousands) of conspirators got together and came up with dozens (Maybe hundreds) of different plots to steal the election.
      None of the “evidence” for said plots has stood up against any sort of scrutiny or in any court of law.

      Option B. Donald Trump lost.

  1. Judging by the mourning of a large swath of Twitter users as they imagine the “totalitarian, authoritarian and fascistic” Musk taking the company’s reign, it’s QUITE easy to conclude the instructive quotes following this article would give them a solid case of Myocarditis while reaching for their Adderral and making an appt for another booster.

    What’s esp interesting, they mourn the loss of an operation that has been proven to control, limit and otherwise orchestrate information–“for the people’s good”–but then categorize the new as catastrophic, when nothing has yet happened.

    “When it suits me, I’ll take a little speech-control, please”…is a reasonable characterization?

    1. Why? Because the horseshit that people (on all sides) post on social media (and here) will affect the freedom and fairness of an election?

      Oh wait…just remembered how Cambridge Analytica helped the Orange Conman to be elected.

      Hell…maybe you’re right!

      1. You mean how Twitter and Facebook lied about the Joe Biden laptop with all the evidence needed to take down the Biden’s and most of the Democrat Party. All right there and Twitter and Facebook both falsely claimed it was not there. Democrats lie whenever they speak. It is all they know how to do. Besides have sex in the wrong orifice.

    2. Freedom of speech, and Twitter have nothing whatsoever to do with one another. A business owner has every right to restrict what is patrons do, and say in his establishment. This is in no way a win, or loss, for freedom of speech.

    3. We already HAVE free and fair elections. Countless hand recounts and forensic audits have proven it so. Just ask the Republicans in charge of vote counting in every state they control…

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