Elon Musk closed out the $44 billion deal to acquire world’s most influential social media platform Twitter after months of legal issues.
Soon after taking control of the company, he fired several of the top executives including CEO Parag Agrawal and two other top executives, CFO Ned Segal and head of legal policy, trust, and safety Vijaya Gadde, multiple outlets reported.
A few hours later, the billionaire tweeted “the bird is freed”. Musk also changed his Twitter bio to “Chief Twit”.
The closure of the deal ended a months-long, roller-coaster legal battle.
Musk paid a visit to the company’s San Francisco headquarters and said he is purchasing the company to try to help humanity. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” he said in a tweet.
Musk says he can increase Twitter’s subscriber base and and revenue. In his attempts to calm advertisers, he said thatt he is buying the platform to help humanity and doesn’t want it to become a “free-for-all hellscape.”
In an unusually-long message, the CEO of electric car maker Tesla and rocket company SpaceX, continued: “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”
