NextGen Day

Only one week after concluding the USD44 billion acquisition of the social media behemoth, Elon Musk sacked the entire board of directors of Twitter on Monday.

The CEO of Tesla and SpaceX was immediately appointed the only director of Twitter.

Musk said after removing the senior executives from the company, “This is simply temporary.”

Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal, and Former Chairman Bret Taylor were among those let go.

According to a U.S. news source, Musk, the richest man in the world, has also offered to buy back all of Twitter’s existing bonds. filing with the Securities and Exchange Commission (SEC).

To the dismay of US Senator Chris Murphy from the state of Connecticut, Saudi Prince Alwaleed bin Talal had emerged as Twitter’s second-largest shareholder in a separate SEC filing.

Murphy tweeted, “Today I am asking the Committee on Foreign Investment, which examines foreign buyers’ purchases of American companies, to look into the national security implications of Saudi Arabia’s purchase of Twitter.

We should be concerned that Saudi Arabia is now the second-largest owner of a significant social media platform, Murphy added, since they have a clear interest in suppressing political expression and having an impact on American politics. “CFIUS should conduct a review since there is a clear national security issue at stake.”

The argument over the balance between free speech and internet harm has erupted in the wake of Musk’s takeover of Twitter. Musk has previously criticized Twitter’s moderation practices and claimed that the site is biased in favor of left-wing viewpoints.

Although Musk has not yet provided specifics about his vision for Twitter, it is commonly believed that he will relax moderation policies and reduce the number of employees.

He is also rumored to be considering charging users for the “blue check” symbol, which is used to authenticate well-known accounts of journalists, politicians, and businesspeople.

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