Elon Musk continues his Twitter overhaul.
According to a report from Newsmax, Twitter’s new sheriff Elon Musk has announced he will be taking control as the blue bird’s CEO —a move that has Wall Street investors concerned it may spread Musk too thin; he is also CEO at Tesla and SpaceX.
Musk announced his Twitter CEO role in a securities filing. In another filing on Monday, Musk revealed that he had cleaned out the entire board of directors, becoming the sole director of Twitter.
However, at the same time Musk is removing executives, he is forming a tight circle of advisers, The Wall Street Journal reports. These include three investors familiar with Musk: Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management; tech entrepreneur Jason Calacanis; and Sriram Krishnan, a former Twitter product leader.
Three initial objectives Musk has given this inner circle are to expand user verification; improve subscription offerings, including giving users more options to choose the type of content they can see on Twitter; and add ways for content creators to make money on the platform.
More over at Newsmax: