According to reports from CNBC, The Wall Street Journal, and the New York Times, Elon Musk has completed his deal of $44 billion to buy Twitter. Elon Musk make his first move after becoming the official owner of the social media platform Twitter and fired the top executives.
Musk Fired the CEO Parag Agrawal, CFO Ned Segal, General Counsel Sean Edgett, and the head of legal policy, trust, and safety Vijaya Gadde.
After taking those actions, the billionaire tweeted “the bird is freed” as a reference that the Twitter takeover being completed.
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
Elon Musk Twitter Deal
In April, Elon Musk make a proposal of $44 billion to buy the social media platform that was accepted by Twitter. After initially agreeing to buy the company, then after Musk spent months getting out of the deal and citing concerns about Twitter bots. Musk sowing doubts that the company failed to disclose the number of spam and fake accounts on the platform.
When Elon Musk was about to terminate the deal, Twitter filed suit against him and said “Elon Musk refuses to honor his obligations to Twitter and its Stakeholders because the deal is not to serve his personal interests.”
Elon Musk has previously criticized the head of legal policy, trust, and safety Vijaya Gadde on his Twitter account as she was involved in the decision to ban former President Donald Trump from Twitter. Now after the acquisition Musk fired Gadde.
Musk also tangled with Agrawal, and tweeted a poop emoji when Agrawal became the CEO of Twitter late last year.
According to Bloomberg, Musk has asked Twitter engineers to meet Tesla engineers to access the underline code that powers the Twitter platform so they could run Elon Musk through it.
NEW: Elon Musk asked Tesla engineers to meet with product leaders at Twitter, moving swiftly to make a mark on the company he’s about to take private. @edludlow has more https://t.co/hYPxjLRbqc pic.twitter.com/Vu0LbSu1yF
— Bloomberg (@business) October 27, 2022
Yesterday, Elon Musk shared a video of himself on Twitter, carrying a sink into Twitter’s headquarters, captioned “Entering Twitter HQ – let that sink in!”
Musk plans to revise Twitter’s content moderation policies in an approach to “free speech.” The billionaire also said he disagrees with the Twitter policy of permanently banning those who violate its rules, which that signals previously banned and controversial users could rejoin the platform.