A Monday filing reveals Tesla Co-Founder and Space X CEO Elon Musk appointed himself the sole director of Twitter, dissolving Twitter's Board of Directors after finalizing his acquisition of the company last Thursday for an impressive $44 billion dollars.
The Hill reports:
“Elon Musk has been named sole director of Twitter, dissolving the board in place before he completed his $44 billion acquisition of the company, the social media platform said in a securities filing on Monday.”
As a result, Musk gained unprecedented control over the social media giant. This should also give Musk the necessary breathing room he needs to implement genuine changes in Twitter's infrastructure — changes Twitter sorely needs. The company has struggled to turn a profit for most of its history. More importantly, Twitter has lost the trust of the general public. For example, Republicans decry the partisan nature of many of Twitter's censorship policies — which they allege disproportionately affect Conservatives. Musk himself agrees with this sentiment, saying:
“I’m worried about de facto bias in “the Twitter algorithm” having a major effect on public discourse.
How do we know what’s really happening?”
I’m worried about de facto bias in “the Twitter algorithm” having a major effect on public discourse.
How do we know what’s really happening?
— Elon Musk (@elonmusk) March 24, 2022
Many Democrats have sounded the alarm on Twitter but for radically different reasons. Democrat Senator Chris Murphy (D-CT) recently called for an investigation into Twitter due to alleged Saudi influence — a company linked to the Saudi ruling family is now the second-largest owner of Twitter.
As a result of this move, the Hill reports, “Twitter’s board members Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou will no longer serve on the board, the company said.”
One of the first moves Musk announced was a “content moderation council” designed to combat concerns of political bias. While the board has yet to convene by Musk's own admission, this is a welcome announcement from the free speech defending Tesla CEO.
“Twitter will be forming a content moderation council with widely diverse viewpoints. No major content decisions or account reinstatements will happen before that council convenes.”
To be super clear, we have not yet made any changes to Twitter’s content moderation policies https://t.co/k4guTsXOIu
— Elon Musk (@elonmusk) October 29, 2022
While this is still a developing story, we can say this with certainty — anyone who agrees that free speech is a “bedrock” principle of Democracy is an excellent fit to run Twitter — which has turned into a digital town square.
♥️ Yesss!!! ♥️ pic.twitter.com/0T9HzUHuh6
— Elon Musk (@elonmusk) April 25, 2022