Friday, October 28, 2022

Elon Musk Completes Twitter Takeover and ‘Fires Top Executives’

THE GUARDIAN: The $44bn deal will give world’s richest man control of social media platform with more than 230m users

Elon Musk was previously determined to walk away from Twitter deal before surprise U-turn.Photograph: Anadolu Agency/Getty Images

Elon Musk has completed his $44bn takeover of Twitter, taking control of the company and reportedly firing several top executives, including the chief executive, Parag Agrawal.

The world’s richest man tweeted “the bird is freed”, in a reference to Twitter’s corporate logo, just hours before a court-ordered deadline to buy the business expired.

Shortly after taking the helm of Twitter, Musk reportedly ousted several senior figures, including Agrawal; Ned Segal, the chief financial officer; and Vijaya Gadde, the head of legal policy, trust and safety.

Agrawal and Segal were in Twitter’s San Francisco headquarters when the deal closed and were escorted out, Reuters reported. » | Kari Paul in San Francisco and Dan Milmo Global technology editor | Friday, October 28, 2022

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