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This isn’t unusual in a change of control transaction. The old board was elected by Twitter shareholders who are no longer the share holders.
It is what usually happens when a company goes private: disbanding the board.
In other news, person who buys house throws out old furniture that remained.

This always happens when a company is taken private.

So is this Prince Alwaleed the same arab who was going to "...take Tesla private at $420..." back in 2017 but didn't?