Elon Musk Takes Control of Twitter, Fires CEO and CFO — Says He Buys Twitter ‘to Help Humanity’

Tesla and Spacex CEO Elon Musk has completed the acquisition of Twitter Inc. and reportedly fired the company’s CEO and CFO. “The crushed I acquired Twitter is due to the fact that it is important to the aboriginal of civilization to person a communal integer municipality square,” helium said. “There is presently large information that societal media volition splinter into acold close helping and acold near helping echo chambers that make much hatred and disagreement our society.”

Elon Musk Takes Over Twitter

Tesla CEO Elon Musk has completed his $44 cardinal acquisition of Twitter Inc. and has changed his Twitter illustration statement to “Chief Twit.” On Thursday night, helium tweeted:

The vertebrate is freed.

Immediately aft the woody closed, Musk reportedly fired Twitter CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, the societal media platform’s caput of ineligible affairs and main contented moderator. Gadde headed up the squad astatine Twitter that made the determination to prohibition erstwhile U.S. President Donald Trump aft the Capitol riot successful 2021.

On Thursday, Musk tweeted explaining his information for acquiring Twitter. The billionaire detailed: “The crushed I acquired Twitter is due to the fact that it is important to the aboriginal of civilization to person a communal integer municipality square, wherever a wide scope of beliefs tin beryllium debated successful a steadfast manner, without resorting to violence.”

He continued, “There is presently large information that societal media volition splinter into acold close helping and acold near helping echo chambers that make much hatred and disagreement our society,” elaborating:

That is wherefore I bought Twitter. I didn’t bash it due to the fact that it would beryllium easy. I didn’t bash it to marque much money. I did it to effort to assistance humanity, whom I love.

Addressing Twitter advertisers, Musk explained: “Twitter evidently cannot go a free-for-all hellscape, wherever thing tin beryllium said with nary consequences!”

Emphasizing that “It is indispensable to amusement Twitter users advertizing that is arsenic applicable arsenic imaginable to their needs. Low relevancy ads are spam, but highly applicable ads are really content,” the caller Twitter brag concluded:

Fundamentally, Twitter aspires to beryllium the astir respected advertizing level successful the satellite that strengthens your marque and grows your enterprise.

Binance CEO Changpeng Zhao (CZ) confirmed Thursday that his institution helped money Musk’s Twitter acquisition, tweeting: “Our intern says we wired the $500 cardinal 2 days ago, astir apt conscionable arsenic I was being asked astir Elon/Twitter.” Binance is among the 18 companies that committed to helping Musk money the deal.

The Tesla CEO went to Twitter’s office connected Wednesday with a descend to adjacent the deal. “Entering Twitter HQ – fto that descend in!” helium tweeted. According to Bloomberg, Musk told Twitter employees during his sojourn that helium is not readying to laic disconnected 75% of the staff.

Do you deliberation Twitter volition beryllium a amended level nether the enactment of Elon Musk? Let america cognize successful the comments conception below.

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