Twitter’s high brass gutted as Elon Musk’s takeover begins


Elon Musk reportedly finalized his $44 billion takeover of social media platform Twitter on Oct. 27 and has began his tenure on the firm by cleansing home on the higher government stage.

In keeping with sources from a number of shops, CEO Parag Agrawal, CFO Ned Segal, and head of authorized and coverage Vijaya Gadde are reported to have been sacked with Musk accusing them of deceptive him over the variety of spam accounts on the platform.

Agrawal and Segal had been “escorted out” of the corporate’s headquarters when the deal closed in accordance with Reuters sources.

Musk had beforehand tried to again out of the deal to purchase Twitter in July accusing the corporate of constructing “false and deceptive representations” concerning the variety of spam and pretend accounts.

With the deal now closed, Musk seems to be to alter the platform right into a bastion of free speech, change the algorithms to stop political echo chambers, and take away all faux and spam accounts.

In an open letter to Twitter advertisers on Oct. 27 Musk additional reiterated his motivations for getting Twitter, saying it will be important for the “way forward for civilization to have a standard digital city sq.” free from political polarization.

Expensive Twitter Advertisers

— Elon Musk (@elonmusk) October 27, 2022

He added he bought the platform “to assist humanity, whom I like” and penned his aspirations for Twitter to develop into the “most revered promoting platform on the earth.”

Associated: How Crypto Twitter might change beneath Musk’s management

Musk is conscious of the “meme-ability” of the extended deal and was filmed strolling into Twitter’s San Francisco headquarters on Oct. 26 carrying a sink tweeting “let that sink in” whereas additionally altering his Twitter bio to “Chief Twit.”

Coming into Twitter HQ – let that sink in!

— Elon Musk (@elonmusk) October 26, 2022

On Oct. 20 The Washington Submit reported Musk deliberate to chop as much as 75% of Twitter’s employees, however a report from Bloomberg days later disclosed that Musk instructed Twitter employees on Oct. 26 throughout his go to that the statements had been false and he doesn’t plan to sack any employees. Nonetheless, these on the high of the Twitter tree have simply came upon in any other case.


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