Tesla CEO’s purchase caps a six-month saga over the future of the social media giant
Tech Desk : dhakamirror.com
Elon Musk completed his takeover of Twitter and fired several top executives, media reports say.
Twitter CEO Parag Agrawal and CFO Ned Segal have left the company, US media reported. Elon Musk is now in charge.
The Washington Post reports that Vijaya Gadde, the head of legal policy, trust, and safety who banned Trump’s account, was also fired.
The 51-year-old billionaire had until Oct. 28 to complete his $44 billion deal or face a trial in November.
Musk expressed interest in buying Twitter in April but withdrew his offer in May.
Twitter sued to force Musk to complete the deal, and he changed his mind again.
Musk met with Twitter employees this week and will address them Friday.
The social media platform’s shares have been suspended from trading on Friday, according to the New York Stock Exchange.
Musk said he bought Twitter to help humanity and create a “digital town square”
Musk added that “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”
“In the relentless pursuit of clicks, much of traditional media has fueled and catered to polarized extremes, believing that this is what brings in the money” Musk said. “By doing so, the opportunity for dialogue is lost.”
This week, the world’s richest man tweeted a video of himself carrying a kitchen sink into Twitter’s San Francisco headquarters. It was captioned, “Let that sink in!”
He also changed his Twitter handle to ‘Chief Twit.’
– Input from agencies was used in this article