The world's richest man, Elon Musk, has completed his $44bn (£38.1bn) takeover of Twitter, according to US media and an investor in the firm.
In July, he said he no longer wished to acquire the company. “The figure that they have mentioned originally was around 50% of the staff,” he said. “Really what they’re looking at from the trimming side is management which they’ve already started with upper management,” said Mr Gerber. Mr Musk’s early investments in Twitter initially escaped public attention. They view people like Mr Agrawal, and his predecessor, Jack Dorsey, as liberals who are curtailing free speech. It brings to a close a saga that saw Twitter go to court to hold the multi-billionaire to the terms of a takeover deal that he had tried to escape.
The media giant said that a source familiar with the deal said Musk fired Twitter CEO Parag Agrawal and two other executives. This development, a much welcome ...
He had disagreed with that policy, raising the potential of banned users returning to the platform. This development, a much welcome one, puts an end to the uncertainty that hung over Twitter’s business, employees, and shareholders for much of the year. In the early stages of the deal, Musk had said that he planned to rethink Twitter’s content moderation policies in service of a more maximalist approach to “free speech.”
Following the takeover, Musk tweeted that the “the bird is freed,” referencing the company's iconic avian logo. He wasted no time sacking chief executive Parag ...
Musk said during a recent Tesla earnings call that he was “excited” about the Twitter deal even though he and investors are “overpaying.” Musk signaled the deal was on track this week by changing his Twitter profile to “Chief Twit” and posting a video of himself walking into the company’s California headquarters carrying a sink. After Musk sought to terminate the sale, Twitter filed a lawsuit to hold Musk to the agreement. Musk tried to step back from the Twitter deal soon after his unsolicited offer was accepted in April, and said in July he was canceling the contract because he was misled by Twitter over the number of fake “bot” accounts — allegations rejected by the company. Musk tweeted earlier in the day that he was buying Twitter “because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner.” Elon Musk took control of Twitter and fired its top executives late Thursday in a deal that puts one of the leading platforms for global discourse in the hands of the world’s richest man.
Elon Musk, the billionaire founder of Tesla Inc., has sacked three top Twitter executives. The development is coming less than a day after completing the ...
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,” he had said. [reverse](https://www.thecable.ng/elon-musk-ill-reverse-twitters-permanent-ban-on-trump-if-buyout-deal-closes/amp) the platform’s ban on Trump. [permanently suspended](https://www.thecable.ng/twitter-permanently-suspends-trump/amp) Trump from the platform, following the attack by his supporters on the U.S. [completing](https://www.thecable.ng/i-didnt-do-it-for-money-elon-musk-explains-why-he-acquired-twitter) the acquisition of Twitter, and also after Musk promised [not to fire](https://www.businessinsider.in/tech/news/elon-musk-says-he-wont-fire-75-of-twitter-staff-as-he-visits-the-companys-headquarters-to-complete-the-deal/articleshow/95113837.cms) workers. The company had said it decided after the January 6 riot “due to the risk of further incitement of violence.” [ban](https://news.yahoo.com/trump-says-allowed-back-twitter-021019834.html) of Donald Trump, former president of the United States of America, from using Twitter.
Billionaire Elon Musk claims he has freed microblogging and social networking platform Twitter after taking over as the new owner.
A few hours after completing the deal, Musk tweeted, “The bird app is freed”. Twitter is popularly referred to as the bird app in reference to the logo. In an earlier tweet where he addressed Twitter advertisers explaining why he is acquiring the app, Musk said, “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.