Elon Musk officially has full control of Twitter

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Elon Musk officially has full control of Twitter

Billionaire Elon Musk has officially owned Twitter since Thursday evening.

It's now official: Elon Musk has disbanded Twitter's board of directors, giving himself the job of CEO and full control of the social network.< /p>

The board had nine members, including former chairman Bret Taylor, UK Chambers of Commerce chair Martha Lane Fox and former chief executive Parag Agrawal, who was fired on Thursday.

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Twitter co-founder Jack Dorsey, who has been off the board since May, has officially transferred all of his Twitter stock – worth approximately US$978 million (approximately 1 .3 billion Canadian dollars) – in private enterprise, according to an official document submitted Monday to the regulator of financial markets in the United States.

Jack Dorsey had publicly endorsed Elon Musk's takeover of Twitter in a tweet, mentioning it as the singular solution he trusts.

Elon Musk, who renamed himself Chief Twit on his profile (twit meaning moron in English), brought in developers from Tesla, which he also owns, on Friday to review the work of members Twitter staff.

According to the Washington Post, the multi-billionaire plans to lay off some 75% of his new company's 7,500 staff .

The ongoing dismissal process is a farce and a disgrace. Tesla henchmen make decisions about people they know nothing about except the number of lines of code produced. This is complete nonsense, wrote on Twitter Sunday Taylor Leese, the director of an engineering team who says he was fired.

The richest man in the world, however, will need personnel to reveal the incredible potential he sees in the platform.

Among the first requests made by Elon Musk is the redesign of the social network's paid service, Twitter Blue. In particular, the tech mogul wanted to force owners of verified accounts to pay $27 per month to keep their blue check.

Failing to pay, users who have already obtained this certification would lose it after three months, according to the specialized site The Verge.

This announcement sparked a number of reactions on the twittosphere. Horror novel writer Stephen King has taken to social media to voice his displeasure, saying he will quit the platform if this change happens.

He wrote in a tweet that Twitter should even pay him to keep him on the social network.

Start of the Twitter widget. Skip widget? End of Twitter widget. Back to top of widget?

Elon Musk hit back on Tuesday with a new price, US$8 (approximately C$11) – adjusted for countries' purchasing power – for a similar service, which would include account verification with a blue checkmark and half the price. ads, unlike Twitter Blue's current offering, which has none.

He added in a series of tweets that paying out that amount would offer priority over ads. replies, mentions and searches on the social network, in addition to allowing the posting of longer videos and sound messages.

The new boss also asked teams to relaunch Vine, an application for short videos bought by the social network in 2012, but stored four years later. Elon Musk would like it to be back online by the end of the year.

Elon Musk has promised to form a content moderation board to set the limits of speech on the platform, which he currently considers too constraining, like many right-wing politicians.

For now, the whimsical leader in the 112 million subscribers seems to provide after-sales service itself.

He responded to various complaints from netizens accusing Twitter of censorship, stressing to one that the network should be balanced and not favor any side, and to another that profiles suspended for minor or questionable reasons [would] released from Twitter jail.

On Sunday, he himself deleted one of his tweets, which included a link to a conspiracy theory about the assault on the husband of Nancy Pelosi, the leader of the Democrats in Congress.

Upon the announcement of the takeover by the libertarian billionaire, the platform faced a resurgence of activity from the share of malicious accounts, binge-tweeting the n-word.

This is a small number of accounts, which are mostly inauthentic, reacted Yoel Roth, the head of security at the site, stating that he has taken action against the people behind them.

With information from BBC, AFP, and The Verg e

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