December 6, 2022

Taylor Daily Press

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Twitter is officially launched by Elon Musk, the head of the company

Twitter is officially launched by Elon Musk, the head of the company

Elon Musk’s Twitter takeover is complete. This was reported by US media on Thursday (local time). Musk immediately fired four of the company’s top executives. “The bird is freed,” he wrote on Twitter Friday morning.

CEO Parag Agrawal, Chief Financial Officer Ned Segal, General Counsel Sean Edget and Chief Legal Officer Vijaya Jade may start looking for new jobs. Reporting sources New York times This is definitely one of the four heavyweight people in the Twitter office It had to be removed.

Now that the deal is officially completed, the TV series has been running for nearly six months. Musk made a $44 billion bid on Twitter in April, but withdrew it in June because the messaging service lied to him about the number of active bot accounts on the network. Subsequently, Twitter took Musk to court, after which the billionaire announced that he wanted to allow the deal.

The Tesla chief made an unannounced visit to Twitter’s San Francisco headquarters Wednesday morning. He tweeted a video showing him walking into the building and holding the sink in his hands, writing, “Getting on to Twitter HQ. Lets that sink in.”

Musk also changed his Twitter bio to “Chief Twit” and changed his location to “Twitter HQ.” The employees had received an internal memo announcing that Musk would address them on Friday.

Thursday, Tweet Mask a permit In it, he wrote that he was buying the company “to help humanity that I love so much”. As he calls it “it is important to have a communal village yard where everyone can meet”. He stresses that the “village square” should not turn into “the fire of hell, where everything can be said without consequences.”

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Musk previously announced that he has big plans for the social mediator. For example, he would like to drastically reduce the extent of messaging and change the entire business model. At least three-quarters of the employees will be fired, mentionedWashington Post last week.

Also read: Does Musk Make Twitter a “Great App”?

The acquisition means Twitter will be deleted and shareholders will receive $54.20 for each share they own in the company. To raise funds for the acquisition, Musk has enlisted a number of well-known investors, such as the founder of the software company Oracle Larry Ellison and the crypto company Binance. Saudi Prince Al-Waleed bin Talal Al Saud maintains his stake in Twitter, which is just under 4 percent.