On 28th Oct twitter once again in new controversy After Elon musk twitted “the bird is freed” & next tweet Let’s the good times roll. After the tweet, Elon musk take control of the Headquarters of San Francisco. He takes Twitter command under the 44 billion dollar deals. Read more
Elon Musk acquires Twitter, immediately fires top executives
Elon Musk acquires Twitter, immediately fires top executives
Eventually, the chickens come home to roost. For Twitter, they’ve began roosting on Thursday. That’s the day when Elon Musk completed his acquisition of Twitter and immediately fired its top executives.
Elon Musk
Lauren Thomas and Alexa Corse for The Wall Street Journal:
Elon Musk completed his takeover of Twitter Inc. Thursday, and fired the CEO and CFO, according to people familiar with the…
Tesla CEO Elon Musk is now in charge of Twitter, CNBC has learned.
Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company’s San Francisco headquarters and will not be returning, sources said.
Musk had until Friday to complete his $44 billion acquisition of Twitter or face a court battle with the company.
In April, Twitter accepted Musk’s proposal to buy the social media service and take it private. However, Musk soon began sowing doubt about his intentions to follow through with the agreement, alleging that the company failed to adequately disclose the number of spam and fake accounts on the service.
When Musk said he was terminating the deal, Twitter sued the billionaire, alleging he “refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”
In the ensuing months, Twitter and Musk would trade barbs via their attorneys as the two parties were slated to head to Delaware’s Court of Chancery to determine the fate of the company and whether its future would end up in the Tesla chief’s hands.
Earlier in October, Musk had a change of heart and said he wanted to pursue his acquisition of Twitter at the original price of $54.20 a share if the social messaging service dropped its litigation. Distrustful of Musk’s motivations, Twitter’s lawyers said that the Tesla CEO’s “proposal is an invitation to further mischief and delay.”
A Delaware Chancery Court judge eventually ruled that Musk had until Oct. 28 to cement the Twitter deal or head to trial.
On Thursday, Musk wrote a message intended to reassure advertisers that social messaging services wouldn’t devolve into “a free-for-all hellscape, where anything can be said with no consequences!”
Elon Musk has officially taken over Twitter. Cue the coddling of far-right figures and the reinstatement of some of them (*cough* Trump *cough*) coming.
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