Elon Musk fires entire Twitter board and makes himself sole director

Elon Musk has fired Twitter's committee of directors and appointed himself its sole subordinate - arsenic helium tests the waters by asking users if they would wage for verification connected the societal media platform.

According to a institution filing with the US Securities and Exchange Commission, Bret Taylor, erstwhile president of the board, and Parag Agrawal, erstwhile main executive, are among the 9 ousted directors.

Mr Musk completed his $44bn takeover of the societal media level past week aft months of ineligible wrangling.

The world's richest antheral is considering large changes arsenic helium embarks connected his archetypal week arsenic the company's caller main executive.

He is flirting with the thought of asking users to wage for verification - known arsenic the "blue tick" - granted to celebrities, politicians, concern leaders and journalists.

Jason Calacanis, a task capitalist who is moving with Mr Musk, tweeted a canvass asking users however overmuch they would beryllium consenting to wage for the bluish tick that Twitter uses to verify higher-profile accounts truthful others cognize it is truly them.

Mr Musk replied to the canvass saying: "Interesting".

In effect to a idiosyncratic asking for assistance getting verified, Musk tweeted connected Sunday: "The full verification process is being revamped close now."

On the aforesaid time that Mr Musk bought Twitter, the billionaire Prince Alwaleed bin Talal of Saudi Arabia announced that helium was rolling implicit his $1.9bn (£1.7bn) successful shares, making him the company's biggest shareholder aft Mr Musk.

The determination prompted interest among immoderate politicians, including US Democrat Senator Chris Murphy.

'National information issue'

Mr Murphy has since requested the Committee connected Foreign Investment to analyse the nationalist information implications of Saudi's concern successful Twitter.

"We should beryllium acrophobic that the Saudis, who person a wide involvement successful repressing governmental code and impacting US politics, are present the second-largest proprietor of a large societal media platform," Mr Murphy tweeted.

"There is simply a wide nationalist information contented astatine involvement and CFIUS should bash a review."

Another large concern has travel from Binance, a cryptocurrency exchange, which has enactment $500m (£436m) into the takeover.

Changpeng Zhao, its main executive, told CNBC that Mr Musk would modulation Twitter into a institution supporting cryptocurrency and the conception known arsenic Web3, which galore crypto enthusiasts envision arsenic the adjacent procreation of the internet.

"We privation to marque definite that crypto has a spot astatine the array erstwhile it comes to escaped speech," helium said.

"And determination are much tactical things, similar we privation to assistance bring Twitter into Web3 erstwhile they're ready."

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Ten radical Musk could bring backmost to Twitter - by revoking their imperishable bans

After taking ownership of Twitter, Mr Musk invited a radical of tech-world friends and investors to assistance usher the San Francisco-based company's transformation, which is apt to see a shake-up of its staff.

Shortly aft closing the $44bn (£38.3bn) woody connected Thursday, Mr Musk fired Mr Agrawal and different apical executives. It is truthful acold uncertain if and erstwhile helium could statesman larger-scale lay-offs.

The Tesla and SpaceX brag has been making a fig of pronouncements since aboriginal this twelvemonth astir however to hole Twitter, and it remains unclear which proposals helium volition prioritise.

He has promised to chopped backmost immoderate of the platform's contented restrictions to beforehand escaped speech, but connected Friday announced that nary large decisions connected contented oregon reinstating of banned accounts volition beryllium made until a "content moderation council" with divers viewpoints is enactment successful place.

He aboriginal qualified that statement, tweeting "anyone suspended for insignificant & dubious reasons volition beryllium freed from Twitter jail".

Mr Calacanis said the Twitter squad already "has a precise broad program to trim the fig of (and visibility of) bots, spammers, & atrocious actors connected the platform".

He besides asked successful the Twitter canvass if users would wage betwixt $5 and $15 a period to "be verified & get a bluish cheque mark" connected Twitter.

Twitter is escaped for astir users due to the fact that it depends connected advertizing for its revenue.