Elon Musk did buy Twitter and fired employees
Billionaire Elon Musk completed the takeover of Twitter for $44 billion.
And as usual, on his Twitter, Musk confirmed it with the words “the bird is released” – meaning the closing of the deal.
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
According to the Washington Post, according to three anonymous sources, one of Musk’s first steps was to fire several top Twitter executives.
In particular, CEO Parag Agrawal, CFO Ned Segal and Vijaya Gadde, head of legal policy, trust and security, were fired. The company’s general counsel, Sean Edgett, was also fired.
Top managers were rushed out of the company’s headquarters in San Francisco.
Twitter has yet to officially confirm the takeover, but the company’s first investor told the BBC that the deal is complete.
It will be recalled that Musk, known for his connections with former US President Donald Trump, has long criticized Twitter’s moderation policy.
Many on the US political right will celebrate Agrawal’s departure as chief executive because they see people like Agrawal and his predecessor, Jack Dorsey, as liberals who curtail free speech. They also believe Twitter censored conservative voices under their leadership, a charge Twitter denies.
Shares of the social media platform will be suspended from trading on Friday, according to a statement on the New York Stock Exchange’s website.
As a reminder, Elon Musk started buying Twitter shares at the beginning of 2022, in January. By mid-March, he had accumulated 5% of the shares, in April he became the largest shareholder, and finally an agreement was reached to buy the company for $44 billion. After that, Musk changed his mind because of “botfarms”, said that he no longer wanted to buy the company, but Twitter filed a lawsuit to keep him in this deal.
