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Report: Elon Musk completes Twitter acquisition, fired CEO

Report: Elon Musk completes Twitter acquisition, fired CEO

Report: Elon Musk completes Twitter acquisition, fired CEO

Update 10/28: Elon Musk has completed the acquisition of Twitter, according(Opens in a new window) For a filing with the SEC. Tesla CEO on Twitter too tweeted(Opens in a new window): “The bird is freed.”

Origin Story:

According to multiple reports, after months of legal expulsion and negotiations, Elon Musk is now the official owner of Twitter.

Musk took control of the social media company by completing a $44 billion acquisition late Thursday CNBC(Opens in a new window) And Washington Post(Opens in a new window)citing unknown sources.

His first moves as the new owner of Twitter included sacking the company’s top leadership, including CEO Parag Agarwal. had to face Musk trolled himself over how the platform counts spam accounts.

Musk also fired Vijaya Gadde, the company’s head of legal, policy and trust. Gadde was a key executive who Allegedly(Opens in a new window) Twitter has pushed for former President Donald Trump to be permanently banned from Twitter over his role in the January 6 Capitol attack in Washington, DC. musk Told He plans to reverse the ban on Trump and rein in content moderation on the platform.

In addition, Musk fired Twitter CFO Neg Segal and General Counsel Sean Edgett Post, Twitter did not immediately respond to a request for comment.

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The executive shakeup signals big changes to come for Twitter, raising big questions about who will lead the social media company. musk target Twitter is the platform to prioritize free speech and has eventually become a super app(Opens in a new window)Which can also be used to send messages and make payments online.

However, on Thursday morning, he also spoke with advertisers in a weary tone about a radical change. “Twitter clearly can’t become a free-for-all hellscape where anything can be said without consequences!” He wrote In a tweet to advertisers.

Musk said he wants Twitter to “become a common digital town square where a wide variety of beliefs can be debated in a healthy way without resorting to violence.”

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