Elon Musk has assumed control of Twitter Inc (NYSE: TWTR) with harsh efficiency, sacking key executives without explaining how he plans to carry out the ambitious goals he has set for the important social media site.
He tweeted, “The bird is freed,” after completing his $44 billion acquisition on Thursday. This indicated his wish to see Twitter loosen its restrictions on the website content. The CEO of Tesla (NASDAQ: TSLA) Inc., a self-described fanatic for free speech, has said that he wants to prevent the platform from becoming an echo chamber for hatred and division. Other objectives include attempting to “fight” spam bots on Twitter and making the Twitter feed algorithms open to the general public.
What Changed Should We Expect?
However, Musk hasn’t been precise about how he plans to carry out all of this or who would head the company. The 7,500 employees of Twitter are concerned about the future since he has said that he plans to make job cutbacks. According to him, on Thursday, he bought Twitter to attempt to benefit humanity, whom he loves, rather than to increase his financial gain.
According to those familiar with the situation, Musk dismissed Twitter’s CEO Parag Agrawal, CFO Ned Segal, and head of law and policy Vijaya Gadde. Regarding the number of fake accounts, he charged them with deceiving him and Twitter’s investors. The sources stated that Agrawal and Segal were not part of Twitter’s San Francisco offices, which were present during the finalization of the agreement.
Musk, who also owns the rocket business SpaceX, intends to end permanent user bans and take over as CEO of Twitter when the transaction is finalized. Musk entered Twitter’s offices on Wednesday carrying a porcelain sink and a large smile before finalizing the sale, writing, “let that sink in.” He updated his Twitter bio to read “Chief Twit.”