Elon Musk finally takes control of Twitter in $44 billion deal
The billionaire Elon Musk has finally completed his $44 billion takeover of Twitter, according to a filing with the US government on Friday, as he fired CEO Parag Agrawal and two other executives.
Musk also fired CFO Ned Segal and the head of legal policy Vijaya Gadde, according to the Washington Post.
Documents obtained by the Washington Post reportedly shows Musk’s plan to laying off 75 percent of Twitter employees, likely well before a town-hall meeting with all employees on Friday.
He also plans to rethink Twitter’s content moderation policies in service of a more maximalist approach to free speech.
The billionaire has promised a whole host of changes, including relaxing rules against hate speech and harassment, unbanning controversial figures like former President Trump and cracking down on spam bots.
Although the company is no longer public, Musk had previously announced that he would pay out the equivalent of the value of the stock grants, estimated to be $100 million in cash.
When the compilation is done, Musk has tweeted on Friday “the bird is freed” then said “let the good times roll.”
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
🎶 let the good times roll 🎶
— Elon Musk (@elonmusk) October 28, 2022
