Elon Musk acquires Twitter, immediately fires top executives

Eventually, the chickens return home to the roost. For Twitter, they started perching on Thursday. That’s the day Elon Musk completed the Twitter acquisition and immediately fired his top executives.

Elon Musk
Elon Musk

Lauren Thomas and Alexa Corse for the Wall Street Journal:

Elon Musk completed his acquisition of Twitter Inc. on Thursday and fired the CEO and CFO, according to people familiar with the matter, ending an unusual corporate battle and creating one of the world’s most influential social media platforms for change. potentially broad.

The deal, in which Twitter will revert to being a private company, adds to Musk’s broad commercial reach, which also includes the management of Tesla Inc., the world’s most valuable automotive company, and rocket company Space Exploration Technologies. Corp., or SpaceX, among other endeavors. Mr. Musk, who had become Twitter’s largest individual shareholder, previously said he would pay for the acquisition primarily with cash, some with contributions from co-investors and $ 13 billion in debt.

Mr. Musk fired CEO Parag Agrawal and CFO Ned Segal after the deal was concluded, people said. Musk also fired Vijaya Gadde, Twitter’s top legal and political executive, and Sean Edgett, general counsel.

Musk, a self-described absolutist of free speech, has pledged to limit content moderation in favor of emphasizing free speech …

MacDailyNews takes: Elon is already taking out the garbage.

As we wrote last week, “Twitter can be made valuable, worth far in excess of $ 54.20 per share, if the platform is returned to an open ideas market in a” town square, “without heavy censorship. , unilateral, shadow-prohibition, etc. “

As we wrote in April, “Broken down a long time ago, Twitter is as skewed and shortsighted as it is currently handled.”

It is hoped that Musk is a change agent for a platform that should, at this point, be considered a public utility that allows for open discussion of all points of view.

Elon Musk is an agent.

Agents are the main thinkers. The people who really create the things that change this industry are both the thinker and the doer in a person. – Steve Jobs

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