This is clear from documents sent to US authorities on Monday, they wrote Reuters.
The 51-year-old billionaire recently took control of the company and started laying off staff members. Among those who have been sacked so far are chief executive officer Parag Agrawal, chief financial officer Ned Segal and chief policy officer Vijaya Gadde.
Musk also removed the board, reports Bloomberg.
Another ongoing change concerns the high profile user verification system. This will now be made into a service which costs money. Celebrities, politicians, business leaders and others have been equipped with blue ticks to show Twitter users that the person is who they say they are.
However, Twitter has also previously used blue ticks to verify accounts belonging to people who suddenly appear in the news, or to verify journalists in lesser-known publications around the world. Among other things, its goal is to strengthen the fight against disinformation from accounts that impersonate other people’s accounts.
Musk paid $44 billion for the company. He has raised most of his money by, among other things, selling Tesla shares, but $13 billion – about NOK 135 billion – has been loaned out by a group of large banks led by Morgan Stanley. Financing agreement in accordance with Financial timing one of the largest ever staged on Wall Street.
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