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Friday, October 28, 2022 –US-born businessman Elon Musk has finally sealed the multi-billion Twitter Inc deal signalizing a new dawn on social media.
In a report from the Washington Post, after the billionaire acquired the social media company, he immediately embarked on re-organization of the whole management team including firing top executives.
In what Reuters termed as ‘acquisition with brutal efficiency’, the Tesla Inc founder started in earnest by firing the executives despite having outlined little clarity over how he will achieve his ambitions.
“The bird is freed,” he delivered a first tweet immediately after paying a whopping sh $44 billion on Thursday October 27.
Musk’s first threat was to acquire Twitter and reduce limits on content that can be posted on the platform.
The self-described free speech absolutist however clarified that he will not open Twitter space for hate speech and divisions; what may not be good news for the former US president Donald Trump who was banned from the platform over his acrimonious political content at the height of the last US general elections.
As of now, Twitter Inc has a total of 7,500 permanent employees who may either be fired soon and their replacement done.
By Thursday October 27 afternoon, the new owner had already fired Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde.
He had reportedly accused them of misleading Twitter investors over how many fake accounts are on the platform.
Just after the deal had been sealed, Agrawal and Segal were in Twitter’s San Francisco headquarters doing their normal work only to be escorted out unprepared.
Musk, also runs a successful rocket company SpaceX,
