Elon Musk Reportedly Completes Acquisition of Twitter
(USNewsBreak.com) – Elon Musk completed his $44 billion purchase of Twitter after a punny visit the day before where he carried around a sink. But the matter isn’t all fun and games for the new owner. Once he took over, he reportedly made some critical business moves, firing people such as chief financial officer Ned Segal, chief executive Parag Agrawal, and the head of legal policy, trust, and safety, Vijaya Gadde.
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
The outspoken Tesla CEO made it clear in the past that he was unhappy with the top brass at Twitter. He’s also been vocal about not approving of the heavy-handed censorship on the platform.
Musk continued making posts about the business deal. He touted, “the bird is free,” and quipped in another Tweet, “let the good times roll.”
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
His remarks were in reference to his promise to turn Twitter into a free speech platform. The Wall Street Journal reported he said it would be “broadly inclusive” and not become a “right wing nuthouse.”
Musk posted a message to advertisers on Twitter about his plans and motivations.
Dear Twitter Advertisers pic.twitter.com/GMwHmInPAS
— Elon Musk (@elonmusk) October 27, 2022
He explained he purchased the company to stand up for the freedom to share ideas. He envisions the social media giant becoming a “digital town square” with robust debates and open conversations. For those who advertise on the platform, he wishes to help target their efforts to the right consumers and produce a mutually beneficial situation.
The path to this point was rocky. Musk first revealed his desire to buy the company in April, but he later backed out. However, after a Twitter lawsuit and a countersuit from Musk, he reversed his decision again and completed the purchase on October 27.
Copyright 2022, USNewsBreak.com
