Elon Musk completes his $44 billion Twitter takeover
'The Bird has been freed' - Musk claims
Published: 28th October 2022 | Source: Twitter |
Musk buys Twitter and immediately sacks the company's top executives
It's official, Elon Musk now owns Twitter, he has completed his $44 billion (£38.1 billion) takeover of the social media giant and has declared that "the bird is freed" on the platform.
When the deal closed, CEO Parag Agrawal, finance director Ned Segal and legal affairs and policy chief Vijaya Gadde were reportedly escorted out of Twitter headquarters. Musk first act as Twitter's owner was to sack Twitter's top dogs, an act with points towards a major change in direction for the social media platform.
Musk's acquisition of Twitter puts to an end months of legal battling as Musk attempted to weasel himself out of his deal. Presumably, Musk wanted to acquire Twitter at a lower price, citing concerns that the platform may have more bots than expected. In time, Musk decided to press forward with his Twitter acquisition at his original agreed upon price. Now, Twitter is part of Elon Musk's portfolio of tech companies.
Elon Musk sees himself as a "free speech absolutist", and reportedly plans to make large changes to Twitter's management and moderation policies. This could lead to the unbanning of suspended users, which may include former US President Donald Trump.
At this time, it is unclear what Musk plans to do with Twitter, and how Twitter's direction will change under his leadership. Recent reports had claimed that Musk planned to lot go of 75% of Twitter's staff, though Musk has claimed that these reports are inaccurate.
Musk has claimed that he purchased Twitter "to try to help humanity, whom I love", and not to make more money.
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Most Recent Comments
Now just need him to buy Google or Alphabet or whatever they are calling themselves these days, that would be even funnier to watch!Quote
All the blue/purple haired pro-noun people having meltdowns over this is so funny, I'm not a fan of his but anytime the "I'm offended" brigade don't get their way is a good day
This is a good thing indeed. Let free speech be said....and all those that get offended can shove off.Quote
LET THAT SINK INQuote