“The bird is freed”: Elon Musk takes over Twitter, fires top executives

Elon Musk took over as Twitter Inc.’s new owner on Thursday, firing top executives he had accused of misleading him and offering few details about how he plans to carry out the ambitious goals he has planned for the micro-blogging social media network.

Tesla Inc.’s CEO has stated that, even as he limits censorship, he wants to “fight” spam bots on Twitter, make the algorithms that determine how content is exposed to its user’s public, and stop the site from becoming an echo chamber for hate and division.

Musk, however, has not provided details on how he intends to do all of this or who would lead the company. He has stated that he intends to make employment layoffs, which has caused the 7,500 or so employees of Twitter to worry about their future. On Thursday, musk added that he had bought Twitter, for the benefit of humanity, whom he love’s,” rather than to increase his wealth”.

the bird is freed

— Elon Musk (@elonmusk) October 28, 2022

According to sources, Musk fired Twitter’s CEO Parag Agrawal, CFO Ned Segal, and head of law and policy Vijaya Gadde. He had claimed that they had misled him and Twitter’s investors over the prevalence of fraudulent accounts on the social media site.

The sources added both Agrawal and Segal were removed out of Twitter’s San Francisco headquarters where they were present when the agreement was completed. Requests for comment from Twitter, Musk, and the executives were not immediately answered.

The amazing story, full of twists and turns, which expressed doubts about whether Musk would finish the transaction, culminated in the $44 billion acquisition. It all began on April 4, when Musk revealed that he was the San Francisco company’s top shareholder with a 9.2% stake.

At Twitter headquarters’ coffee bar, ⁦@elonmusk⁩ pic.twitter.com/vy5Cw7zttf

— Walter Isaacson (@WalterIsaacson) October 27, 2022

The richest man in the world then agreed to join Twitter’s board but changed his decision at the last minute and offered to buy the firm instead for $54.20 per share. Twitter wasn’t sure whether to take this as another of Musk’s references to marijuana or not.

Twitter is having trouble keeping its most active users, who are crucial to the company. Less than 10% of monthly active users are “heavy tweeters,” but they produce 90% of all tweets and 50% of global income.

Although former US President Donald Trump has claimed he won’t return to the platform, Musk stated in May that he would lift the restriction placed on him after the attack on the US Capitol. Instead, he created Truth Social, his own social media application.