Elon Musk Buys, Takes Over Twitter As CEO, Fires Top Executives

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Elon Musk

The world’s richest man, Elon Musk, has completed his $44bn takeover of Twitter, taking control of the company. He has reportedly fired top executives of the company, including the Chief Executive, Parag Agrawal.

Elon Musk

 

Other top executives reportedly fired are CFO Ned Segal, and legal chief, Vijaya Gadde.

 

 

The world’s richest man tweeted that “the bird is freed,” in a reference to Twitter’s corporate logo, just hours before a court-ordered deadline to buy the business expired.

 

 

The billionaire had arrived at Twitter’s San Francisco headquarters on Wednesday, carrying a kitchen sink ahead of closing his $44bn deal to purchase the micro-blogging site.

 

 

“Entering Twitter HQ – let that sink in!” the Tesla CEO tweeted.

 

 

Musk changed his Twitter profile to refer to himself as “Chief Twit” and his location as Twitter headquarters.

 

 

Meanwhile, Bret Taylor – who had served as Twitter’s chairman since last November – updated his LinkedIn profile to indicate that he was no longer in the post.

 

 

Musk, a self-styled “free speech absolutist” has been critical of Twitter’s management and its moderation policies.

 

 

They clashed over the terms of the takeover, with Musk accusing Twitter of providing misleading information about the firm’s user numbers.