The world’s richest man, Elon Musk, completes $44bn Twitter takeover, ousting Parag Agrawal, Twitter’s CEO, Ned Segal, finance boss, and Ms. Vijaya Gadde, with immediate effect, according to Twitter investor Ross Gerber, who is the CEO of Gerber Kawasaki. Musk tweeted is interest in the social network platform was not about making money.
The social media platform’s shares will be suspended from trading on Friday according to the New York Stock Exchange’s website.
Mr. Musk said he bought the social media platform to help humanity and he wanted “civilization to have a common digital town square”.
Mr. Musk tweeted a video of himself walking into Twitter’s headquarters in San Francisco carrying a kitchen sink with the caption “ let that sink in!”.
He also changed his Twitter profile to read “ Chief Twit”.
Tesla founder and the eccentric billionaire who will be the CEO also said “ an asset that has just sort of languished for a long time, but was incredible potential, although obviously myself and other investors are overpaying for Twitter right now”.
In private messages revealed in court filings, Mr. Musk talked about how Mr. Agrawal didn’t understand how to fix Twitter’s problems.
Musk is at the helm, said he is buying Twitt4er for “humanity”, as many people who have been banned for hate speech or disinformation may be invited back to the platform and even leaves the door open for Donald Trump to come back to Twitter. Mr. Musk, a self-styled “free speech absolutist” have been critical of Twitter’s moderation policies and the news will be greeted with mixed feelings by Twitter users and employees.
