Tesla CEO Elon Musk completed the Twitter acquisition, and several changes have already been made, as per Teslarati.
Twitter executives escorted out
Twitter CEO Parag Agrawal, finance chief Ned Segal, and the head of legal policy, trust, and safety Vijaya Gadde are no longer a part of the company,according to CNBC.
Anonymous sources said that Agrawal and Segal were at the company’s San Francisco headquarters and escorted out when the deal closed.
Musk’s Twitter statement
On Thursday (October 27), Elon Muskwrote a statement aimed at Twitter’s advertisers.
He started by saying, “I wanted to reach out personally to share my motivation in acquiring Twitter. There has been much speculation about why I bought Twitter and what I think about advertising. Most of it has been wrong.”
“The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right-wing and far left wing echo chambers that generate more hate and divide our society,” he wrote.
Chief Twit also said that advertising could delight, entertain, and inform when it’s done right. But it is “essential to show Twitter users advertising that is as relevant as possible to their needs.”
On Wednesday (October 26), Elon Musk visited with several Twitter employees while carrying a sink.
On Friday (October 28), Elon Musk tweeted, “the bird is freed,” in an obvious reference that the acquisition was complete.
The social network did not immediately answer a request to comment.
In April, Twitter accepted the billionaire’s offer to purchase the social media app and take it private. However, Musk soon doubted following through with the agreement, claiming that the company did not adequately disclose the number of fake accounts and spam on the app.
When Musk declared to terminate the deal, the company sued the Tesla boss, saying that he “refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”
In addition, the Twitter acquisition is said to be “an accelerant to creating X, the everything app.”
Though there have been no comments yet about Twitter’s new management team, it is clear that Musk might ultimately be in charge of the company along with SpaceX and Tesla.
