Tesla and Spacex CEO Elon Musk has completed its acquisition of Twitter Inc. and reportedly fired the company’s CEO and CFO. “The reason I bought Twitter is that having a common digital town square is important to the future of civilization,” he said. “There is now a great danger that social media will split into far-right and far-left echo chambers, creating more hate and dividing our society.”
Elon Musk takes over Twitter
Tesla CEO Elon Musk has completed his $44 billion acquisition of Twitter Inc. and changed his Twitter profile description to “Chief Twit.” Thursday night he tweeted:
Birds are released.
Shortly after the deal closed, Musk reportedly fired Twitter CEO Parag Agrawal, CFO Ned Segal, and the social media platform’s general counsel and content moderator Vijaya Gadde. Gadet led his Twitter team in the decision to oust former US President Donald Trump after the 2021 Capitol riots.
On Thursday, Musk tweeted explaining why he acquired Twitter. The billionaire details: “I bought Twitter because it is important to the future of civilization to have a common digital town square where a wide range of beliefs can be discussed in a healthy way without resorting to violence.”
He went on to elaborate, “There is now a great danger that social media will split into far-right and far-left echo chambers, creating more hate and dividing our society.”
So I bought Twitter. I didn’t do it because it was easy. I didn’t do it to make more money. I did it to help my beloved humanity.
Speaking to advertisers on Twitter, Musk explained:
“It’s essential to show ads that are as relevant to the needs of Twitter users as possible. Unrelevant ads are spam, but relevant ads are actually content,” the new Twitter boss concluded. .
Fundamentally, Twitter aims to be the world’s most respected advertising platform that strengthens brands and grows businesses.
Binance CEO Changpeng Zhao (CZ) confirmed on Thursday that his company financed Musk’s acquisition of Twitter. Tweet: “Our intern says he wired $500 million two days ago, probably just when I was asked about Elon/Twitter.” Binance is among them 18 companies It has pledged to help Musk fund the deal.
Tesla’s CEO took a sink to Twitter’s headquarters on Wednesday to finalize the deal. “Enter Twitter HQ – let’s sink!” he murmuredAccording to Bloomberg, Musk told Twitter employees during the visit that he would not lay off 75% of the workforce.
Do you think Twitter will be a better platform under Elon Musk’s leadership? Let us know in the comments section below.
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