Elon Musk bought Twitter and fired CEO Parag Aggarwal:
After months of waffling, lawsuits, verbal mudslinging and the near miss of a full-blown trial, Elon Musk finally owns Twitter. Musk closed his $44 billion deal on Thursday night to buy the social media service. The meeting took place at Twitter’s San Francisco headquarters.
After buying the company, Musk sacked chief executive Parag Agrawal, the company’s chief financial officer and its head of legal policy, trust and safety.
Agrawal went to court to hold the Tesla chief to the terms of a takeover deal he had tried to escape.
Musk tweeted on Thursday that he was buying Twitter “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.”
The billionaire even shared a picture of himself socializing at a coffee bar at Twitter headquarters.
Musk has promised other sweeping changes at Twitter, including new leadership, job cuts, and the pursuit of new ways to make money. Twitter, which employs more than 7,500 people, has had difficulties consistently growing its advertising-based business and attracting new users.
The idea of Musk running Twitter has alarmed activists who fear a surge in harassment and misinformation, with Musk himself known for trolling other Twitter users.
But Musk said he realizes Twitter “cannot become a free-for-all hellscape where anything can be said with no consequences.”
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