Home purchasing

Elon Musk fires Twitter executives immediately after company purchase

Elon Musk is the new owner of Twitter and in his first act fired some of the company’s top executives.

By Vic Medina | Posted

Elon Musk invaded Twitter’s headquarters on Wednesday afternoon as the new owner, and like the mythical Conan, he crushed his enemies, saw them driven before him, and now hears the laments of internet keyboard warriors. According to a report by Deadline, on Thursday afternoon Musk had fired CEO Parag Agrawal, Chief Financial Officer Ned Segal and Head of Legal, Trust and Safety Policy Vijaya Gadde, after officially closing his 44-year acquisition. billions of social media platform. “The bird is released,” he proclaimed on Twitter.

Musk’s purchase ends a tumultuous period for Twitter and the SpaceX founder, who were set to take legal action if the billionaire failed to deliver on his promise to buy the social media giant. It also follows a very public back-and-forth between Musk and Twitter executives, including CEO Agrawal, who openly disagreed with him over his claim that Twitter was overrun with bot accounts, much more that they didn’t want to admit it publicly.

From Friday afternoon, Agrawal Twitter Account Biography had always listed him as “Twitter CEO”. Meanwhile, Elon Musk updated his Biography Twitter to “Chief Twit”, claiming in a Friday morning tweet “Let the good times roll”.

The Twitter purchase started out as something of a joke for Elon Musk, who seems to like posting provocative statements just to read the replies, until the idea seemed to captivate him. Promising to end the ‘shadow ban’ and restore what he said was ‘free speech’ and an end to censorship, Musk waged a public PR battle to gain traction. support and drive down the price of the business.

Now comes the task of remaking Twitter into something Musk claims is more profitable and accommodates diverse opinions. This included a demand for Twitter employees to actually start working in the office, after an insider claimed that employees using pandemic restrictions to work from home weren’t actually doing anything.

In a statement, Musk adopted a more measured tone, promising civility and a healthy atmosphere for the debate. “The reason I acquired Twitter is that it is important for the future of civilization to have a common digital public square, where a wide range of beliefs can be debated in a healthy way, without resorting to violence. “, did he declare. He also said he would work to prevent the platform from turning into “echo chambers” for the “far right” and “far left”.

Although the deal appeared to be nearly dead over the summer, as a potential trial date approached and Elon Musk had to pay a potential billion-dollar fee to back out of the deal, the talks heated up. A month ago, reports surfaced that the deal was likely to happen after all.

He even recently started selling a perfume called “Burnt Hair”, saying it was a fundraising effort so he could buy Twitter. It sold out quickly – at $100 a bottle – and will ship next year.

Some Twitter users are now vowing to delete their Twitter accounts in protest against Musk’s takeover, saying he is a far-right tool and will allow false information to be posted on the platform. This included director Rob Reiner, who promised to delete his account, to pledge this morning to stay on the platform and “fight on”.

Elon Musk will end up paying just over $54 per share for the company, and during negotiations concerns over the company’s real value caused the stock price to drop to around $35 this spring. Yesterday, the stock closed at $53.40 as its value rose on news of the completion of the Musk acquisition.