New York: Elon Musk, who bought Twitter, has announced that his next move will be to ditch the board members and make him the sole leader. Elon Musk, the world’s No. 1 richest man, who recently bought the popular social media platform Twitter, has been making a series of moves. Musk, who vacated the jobs of Indian-origin Barak Agarwal, who was the Twitter CEO, is planning to charge Rs. 1600 per month for a bluetic account on Twitter. Many celebrities including political leaders, actors and actresses are given ‘Bluetic’ as their verified real account. Musk’s plan to charge a monthly fee for this has shocked Twitter users around the world.
In this case, the next step was to remove the entire board members of Twitter, and he was the only board member who filed documents with the Securities and Exchange Commission yesterday. Musk also said that this new board is temporary. Board members are the key decision makers of a company. As such, Musk is the only board member who can take any decision he likes. Already, Saudi Prince Alwaleed Bin Dalal’s Kingdom Holding Company has acquired the most shares in Twitter after Musk (for Rs 15.5 thousand crore). A Saudi firm’s large stake in a popular social media platform, such as Twitter, which can influence US politics, has sparked discontent among the country’s political leaders.