Elon Musk, the richest man in the world, acquired control of Twitter late on Thursday. And ousted its top executives in a move that gave the world’s richest man control of one of the most important forums for international dialogue.
According to unnamed sources cited by the Washington Post and CNBC. Musk fired the company’s chief executive officer, Parag Agrawal, as well as its top financial officer and head of safety. Agrawal filed a lawsuit to have a takeover agreement’s terms enforced, which the Tesla CEO had tried to avoid.
The information came to light hours before Musk was required by a court-imposed deadline to complete his on-again. Off-again agreement to purchase the social media network.
Musk stated in a tweet earlier in the day that he was purchasing Twitter. Because having a common digital town square where a wide range of opinions can be argued in a healthy way. It is crucial for the survival of civilization. The New York Stock Exchange issued a planned order to prohibit trading on Twitter before Friday’s session.
Although the social media platform’s co-founder Biz Stone congratulated the three men in a tweet for their “combined contribution to Twitter.” Twitter did not immediately respond to a request for comment on the resignation of its senior executives.
Each has enormous talent and is a kind person.
Elon Musk is the Head of Twitter
The agreement is the result of a protracted back-and-forth between the billionaire and the social network. In April, when his unsolicited proposal was accepted, Musk attempted to leave the Twitter agreement. Later, in July, he declared that he was ending the contract. And said that Twitter had misled him about the number of fictitious “bot” accounts. The App refuted the allegations.
In response, Twitter made an effort to demonstrate that Musk was making up reasons for quitting because he had changed his mind. It filed a lawsuit to uphold the terms of the deal after Musk tried to cancel the sale. As a trial drew near, the unstable billionaire gave in and resumed his takeover plan.
Is Twitter open to all?
This week, Musk signaled that the transaction was proceeding by changing his Twitter profile to Head Twit. And posting a video of himself walking into the business’ California premises while holding a sink. Let that really sink in, he joked. On Thursday, he even uploaded a photo of himself mingling with people at the coffee shop inside the Twitter offices. In a recent Tesla earnings call, Musk said he was excited about the Twitter takeover despite the fact that he and investors are overpaying.
Some staff who would prefer not to work with Musk have already quit. One employee claimed who asked to remain anonymous so they could speak more freely. But other individuals, including myself, are ready to give him the benefit of the doubt, for the time being, the worker stated.
The idea of Musk owning Twitter has angered campaigners who fear an increase in harassment. And misleading information because Musk is known for making fun of other users. Musk said he understood that Twitter cannot turn into a free-for-all hellscape where anything can be said without repercussions.
Musk is anticipated to make it easier for former US president Donald Trump to re-join the site by reducing content filtering. Because of concerns that he may encourage more violence to reverse his electoral setback. And comparable to the deadly attack on the Washington, D.C. Capitol, the then-president was forbidden from speaking.
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