Elon Musk Ousts Twitter Board, Named Sole Director – WSJ

The board that oversaw Twitter Inc. during its tumultuous sale to Elon Musk has been dissolved, with the Tesla Inc. TSLA -0.43%decrease; red down pointing triangle chief now serving as the social-media company s sole director.

Twitter said in a securities filing Monday that the nine members of its former board are no longer directors as of the consummation of the $44 billion merger, which closed last Thursday after six months of hand-wringing over the deal s fate.

Mr. Musk always intended to take over as sole director under the terms of the merger agreement, according to the filing.

The San Francisco-based company s new owner immediately fired Twitter s top executives after the deal closed, tweeting hours later that the bird is freed in an apparent reference to Twitter, which has a blue bird as its logo.

via www.wsj.com

As is appropriate for Twitter, Elon seems to have shot off his big mouth into buying this poorly performing company. But who knows — he may make it work, as he seems to have a habit of doing. He may turn lemons into tasty lemonade. Even if it turns out to be a $44 billion vanity investment, it might still be a good thing for America. This whole business of, for want of a better term, the Deep State working with Social Media to shape the narrative is sinister as hell and needs to be stopped, tout suite. I will be disappointed if Elon was only pulling out legs about this part.