Tesla and SpaceX CEO Elon Musk has completed the acquisition of Twitter Inc. and is said to have fired the company’s CEO and CFO. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital city square,” he said. “There is now a great danger that social media will split into the echo chambers of the far right and left, creating more hatred and dividing our society.”
Elon Musk takes over Twitter
Tesla CEO Elon Musk has completed the acquisition of Twitter Inc. valued at $44 billion and changed his Twitter profile description to “Chief Twit.” On Thursday night, he tweeted:
The bird is freed.
Shortly after the deal closed, Musk reportedly fired Twitter CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, the platform’s head of legal affairs and chief content officer. social media platform. Gadde led the group at Twitter that made the decision to ban former US President Donald Trump after the riots on the Capitol in 2021.
On Thursday, Musk tweeted explaining his motives for the Twitter acquisition. The billionaire detailed: “The reason I acquired Twitter is because it is important for the future of civilization to have a common digital city square where a wide variety of beliefs can be debated freely. healthy without resorting to violence”.
He continued, “There is now a great danger that social media will split into the echo chambers of the far right and left, creating more hatred and division in our society,” said. more:
That’s why I bought Twitter. I didn’t do it because it would have been easy. I don’t do it to make more money. I did it to try to help humanity, the people I hold dear.
Speaking to advertisers on Twitter, Musk explained: “Twitter obviously can’t be a free-for-all, where anything can be said without consequences!”
Emphasize that “It is essential to show Twitter users ads that are as relevant as possible to their needs. Ads with low relevance are spam, but ads with high relevance are really content,” concludes the new Twitter boss:
Basically, Twitter aspires to be the most respected advertising platform in the world to strengthen your brand and grow your business.
Binance CEO Changpeng Zhao (CZ) confirmed on Thursday that his company helped fund Musk’s acquisition of Twitter, writing on Twitter: “Our intern said that we collected got $500 million 2 days ago, maybe like I was asked about Elon/Twitter.” Binance is among 18 companies that have pledged to support Musk in funding the deal.
The Tesla CEO arrived at Twitter’s headquarters on Wednesday in a sinking mood to close the deal. “Into Twitter HQ – let that sink in!” he tweeted. According to Bloomberg, Musk told Twitter employees during his visit that he has no plans to lay off 75% of employees.