Elon Musk, the world’s richest man, has officially taken over Twitter after finalising a $44 billion (R789.4 billion) deal to buy the social media giant earlier this week.
The takeover follows a long and drawn-out legal back-and-forth between the two parties. Musk attempted to walk away from his initial offer under the notion that he had been misled regarding the number of ‘spam’ accounts present on the platform.
However, at the start of the month Musk agreed to proceed on his originally proposed terms, and a court-imposed deadline was set for Friday 28 October.
The deadline was met. Now the CEO of both SpaceX and Tesla Inc also owns Twitter which he has promised to change dramatically, according to MyBroadBand.
In an early celebration of his new purchase, Musk changed his Twitter profile bio to “Chief Twit” and changed his location to “Twitter HQ” ahead of the deal’s closure.
Musk also shared a video of his entrance at the network’s San Francisco office on Wednesday with the caption “Entering Twitter HQ – let that sink in!”
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
Among Musk’s first orders of business: Firing at least four top executives.
The executives fired include CEO Parag Agrawal, Chief Financial Officer Ned Segal, top Legal and Policy Executive Vijaya Gadde, and General Counsel Sean Edgett.
All four executives are believed to have been involved in either the lawsuit or in Twitter’s content policies that he had previously criticised.
Picture: @stories_aditya / Twitter