Out of the many changes that Musk made to the social media platform, the dissolution of the board of directors is a major step. Elon Musk became the sole director of the company "in accordance with the terms of the Merger Agreement," the company told the Securities and Exchange Commission, The Hill reported. As per media reports, Elon Musk is also planning to start charging USD 20 per month for users to have a verified account. Currently, the social media platform has around 7,000 employees and a quarter of the headcount amounts to nearly 2,000 employees. In July, in a surprising turn of events, Elon Musk who had long been showing his interest to buy Twitter terminated the deal.

Source: Mint November 01, 2022 05:00 UTC