Elon Musk Finally Buys Twitter
As CFO is Fired in Hostile Takeover
Elon Musk Finally Buys Twitter
The world’s richest man, Elon Musk, has completed his US$44 billion hostile takeover of Twitter. Upon concluding the deal, Musk tweeted “the bird is freed” in an apparent reference to Twitter’s bird logo and his desire to see the company have fewer limits on content that can be posted.
However, not everyone at the company is happy about the take over as a number of top executives, including the chief executive officer, Parag Agrawal, have reportedly been fired. Other officials who have been sacked include Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde.
Musk had accused them of misleading him and Twitter investors over the number of fake accounts on the platform. Musk, who also runs rocket company SpaceX, plans to become Twitter’s CEO after completing the acquisition and plans to remove permanent bans on users.
Before closing the deal, Musk changed his Twitter profile description to “Chief Twit.”
