Elon Musk will serve as chief executive officer of Twitter.
Elon Musk says he will serve as chief executive officer of Twitter.
Musk, who also runs electric vehicle manufacturer Tesla, rocket company SpaceX, brain-chip startup Neuralink and tunneling firm the Boring Company, fired Twitter's previous chief Parag Agrawal and other top company officials last week after his $44-billion acquisition.
Musk has also proposed revisions to the platform's user verification or "blue tick" process, which has been free until now.
Responding to a tweet from author Stephen King that he would not be willing to pay US$20 a month to keep the verified badge on Twitter, Musk replied: "How about $8?"
The billionaire said introducing a price was the only way to defeat trolls and bots on the platform and that Twitter could not entirely rely on advertisers to pay its bills.
Tesla's stock has lost a third of its value since Musk made an offer to buy Twitter in April, compared with a 12 per cent decline in the benchmark S&P 500 index in the same period.
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