Tesla and Spacex CEO Elon Musk has accomplished the acquisition of Twitter Inc. and reportedly fired the corporate’s CEO and CFO. “The rationale I acquired Twitter is as a result of it is very important the way forward for civilization to have a typical digital city sq.,” he mentioned. “There may be presently nice hazard that social media will splinter […]
Tesla and Spacex CEO Elon Musk has accomplished the acquisition of Twitter Inc. and reportedly fired the corporate’s CEO and CFO. “The rationale I acquired Twitter is as a result of it is very important the way forward for civilization to have a typical digital city sq.,” he mentioned. “There may be presently nice hazard that social media will splinter into far proper wing and much left wing echo chambers that generate extra hate and divide our society.”
Elon Musk Takes Over Twitter
Tesla CEO Elon Musk has accomplished his $44 billion acquisition of Twitter Inc. and has modified his Twitter profile description to “Chief Twit.” On Thursday night time, he tweeted:
The hen is freed.
Instantly after the deal closed, Musk reportedly fired Twitter CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, the social media platform’s head of authorized affairs and chief content material moderator. Gadde headed up the crew at Twitter that made the choice to ban former U.S. President Donald Trump after the Capitol riot in 2021.
On Thursday, Musk tweeted explaining his motivation for buying Twitter. The billionaire detailed: “The rationale I acquired Twitter is as a result of it is very important the way forward for civilization to have a typical digital city sq., the place a variety of beliefs will be debated in a wholesome method, with out resorting to violence.”
He continued, “There may be presently nice hazard that social media will splinter into far proper wing and much left wing echo chambers that generate extra hate and divide our society,” elaborating:
That’s the reason I purchased Twitter. I didn’t do it as a result of it might be simple. I didn’t do it to earn more money. I did it to attempt to assist humanity, whom I like.
Addressing Twitter advertisers, Musk defined: “Twitter clearly can’t change into a free-for-all hellscape, the place something will be mentioned with no penalties!”
Emphasizing that “It’s important to point out Twitter customers promoting that’s as related as potential to their wants. Low relevancy adverts are spam, however extremely related adverts are literally content material,” the brand new Twitter boss concluded:
Basically, Twitter aspires to be probably the most revered promoting platform on the earth that strengthens your model and grows your enterprise.
Binance CEO Changpeng Zhao (CZ) confirmed Thursday that his firm helped fund Musk’s Twitter acquisition, tweeting: “Our intern says we wired the $500 million 2 days in the past, in all probability simply as I used to be being requested about Elon/Twitter.” Binance is among the many 18 companies that dedicated to serving to Musk fund the deal.
The Tesla CEO went to Twitter’s headquarters on Wednesday with a sink to shut the deal. “Getting into Twitter HQ – let that sink in!” he tweeted. In keeping with Bloomberg, Musk instructed Twitter staff throughout his go to that he’s not planning to put off 75% of the employees.
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