Elon Musk completes Twitter buy, instantly fires CEO and different execs

Illustration of an Elon Musk bust surrounded by flags with the Twitter logo.

Enlarge (credit score: Aurich Lawson)

Elon Musk accomplished the $44 billion buy of Twitter right now, capping a months-long saga that resulted in Twitter suing Musk to power him to honor their merger settlement. Musk’s first course of enterprise was to fireside prime executives.

“Musk fired Chief Government Parag Agrawal and Chief Monetary Officer Ned Segal after the deal closed” on Thursday, The Wall Avenue Journal wrote. Twitter authorized chief Vijaya Gadde and basic counsel Sean Edgett have been additionally reportedly fired by Musk. It is not but clear who would be the CEO below Musk’s possession.

Musk feuded with Agrawal whereas he was attempting to get out of the merger contract. In August, he challenged the then-Twitter CEO to a public debate about Twitter’s spam-account knowledge. Twitter caught with its lawsuit in opposition to Musk as a substitute, and the court docket case helped power Musk to finish the deal. Musk had additionally posted tweets with criticism of Gadde’s method to content material moderation.

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