The message appeared to be aimed at addressing concerns among advertisers - Twitter’s chief source of revenue - that Musk’s plans to promote free speech by cutting back on moderating content will open the floodgates to more online toxicity and drive away users. In his first big move earlier on Thursday, Musk said that he is buying the platform to help humanity and doesn’t want it to become a "free-for-all hellscape." After she was fired, the harassment on the platform began again. A wave of harassment of Gadde from other Twitter accounts followed, including racist and misogynistic attacks, in addition to calls for Musk to get rid of her. The Hill quoted Angelo Carusone, president of the ultra-liberal Media Matters, claiming that Musk "will turn Twitter into a fever swamp of dangerous conspiracy theories, partisan chicanery, and operationalized harassment." All this outrage because Musk has vowed to create a "virtual town square" and has described himself as a champion of free speech.Īround the same time, he publicly criticized Gadde, the company's top lawyer, in a series of tweets. The head-spinning turn of events has the woke Left up in arms. The mercurial Tesla founder has agreed to buy Twitter after all, at the $54.20 price per share agreed upon all those many contentious months ago. Musk privately clashed with Agrawal in April, immediately before deciding to make a bid for the company, according to text messages later revealed in court filings.Įmployees upset as Musk will buy Twitter after allĮlon Musk is back at it, driving the left crazy and confounding investors. Both people insisted on anonymity because of the sensitive nature of the deal. The people familiar with the deal said Musk has fired CEO Parag Agrawal, CFO Ned Segal and Chief Legal Counsel Vijaya Gadde. He strolled into the company’s San Francisco headquarters Wednesday carrying a porcelain sink, changed his Twitter profile to "Chief Twit," and tweeted "Entering Twitter HQ - let that sink in!" Musk has been signaling more recently that the deal is going through. The New York Stock Exchange notified investors that it will suspend trading in shares of Twitter before the opening bell Friday in anticipation of the company going private under Musk. He has complained about restrictions on speech on the platform - but then vowed he wouldn't let it become a "hellscape." And for months it wasn't even clear if he wanted to control the company at all.Īfter Musk signed a deal to acquire Twitter in April, he tried to back out of it, leading the company to sue him to force him to go through with the acquisition.įriday’s deadline to close the deal was ordered by the Delaware Chancery Court in early October. He has criticized Twitter's dependence on advertisers, but made a statement Thursday that seemed aimed at soothing their fears. (Muhammed Selim Korkutata / Anadolu Agency via Getty Images) Such a shakeup was widely expected, but Musk has otherwise made contradictory statements about his vision for the company - and shared few concrete plans for how he will run it.įILE - In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter is reflected on Oct. Musk ousted three top Twitter executives on Thursday, according to two people familiar with the deal who said he was in charge. The question now is what the billionaire Tesla CEO will actually do with the social media platform. Musk also tweeted out that he is buying the social media platform to "help humanity" and doesn't want it to be a free-for-all "hellscape."Įlon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. They said Musk has fired CEO Parag Agrawal, CFO Ned Segal and General Counsel Vijaya Gadde. They include the CEO, chief financial officer and the company's general counsel, two people familiar with the deal said. Associated Press reports their sources say three top leaders have been ousted. There are reports the company's CEO and CFO have left the building. Elon Musk completes Twitter takeover, ousts 3 top execs | LiveNOW from FOXĮlon Musk is now in charge of Twitter after completing the $44B deal.
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