Elon Musk, the world’s richest man, has taken control of Twitter after signing a deal to buy micro-blogging website Twitter for $44 billion in April this year.
According to the Associated Press (AP), multiple sources connected to Twitter confirmed that Elon Musk took control of the micro-blogging website between October 27 and 28.
The report stated that immediately after Elon Musk took control of Twitter; he appointed its Chief Executive Officer (CEO) Parag Agrawal of Indian origin, Chief Legal and Policy ExecutiveVijaya Gadde, Chief Financial Officer (CFO) sacked Ned Segal and general counsel Sian Edgett.
Elon Musk also said in his tweets that he entered Twitter’s headquarters and shared a video of him entering the building.
Later, he briefly tweeted that ‘the bird is free’, referring to Twitter’s bird logo.
Elon Musk also shared a post for advertising companies and institutions in another tweet, where he vowed to continue working with them.
In the same post, he said that he didn’t buy Twitter to make more money but to serve humanity and create a better society, and he believes that he will be able to do that with the help of advertisers.
He also said in his post that it is impossible to do whatever comes to mind on a platform like Twitter; our platform will ensure compliance with the laws of all countries.
Elon Musk said in another tweet that he would soon meet the best people at Twitter’s headquarters.
Also, he changed his bio on his Twitter profile to declare himself as ‘Chief Tweet’ and added Twitter headquarters in his location.
Regarding Elon Musk’s takeover of Twitter, Reuters said in its news that reports from several American media outlets and people connected to micro-blogging websites confirmed Elon Musk’s takeover of Twitter.
While Elon Musk did not immediately announce any layoffs at Twitter, he did hint that he would significantly reduce the number of employees, leaving the company’s 7,500 employees to lose their jobs, the report said.
Elon Musk took control of Twitter a day after the trial of a lawsuit filed against him by Twitter was scheduled to begin.
Twitter filed a lawsuit against Elon Musk in July 2022, asking the court to compel him to buy the platform for an announced price of $44 billion.
Elon Musk initially made a $44 billion bid to buy Twitter for more than $54 per share in April 2022, but he later backed out of the deal, citing issues including fake accounts on Twitter.
After his recantation, Twitter filed a lawsuit against him, and the court announced that his trial would begin at the end of October, and the court also suggested that both parties settle before the trial.
Now, before the trial in court, Elon Musk took control of Twitter, but it needed to be clarified whether the agreement between him and Twitter was completed or not.
