Elon Musk Twitter deal closes, CEO fired
Chief executive Parag Agrawal, chief financial officer Ned Segal and Vijaya Gadde, head of legal policy, trust, and safety, were let go, according to the people. Sean Edgett, the company’s general counsel, was also pushed out, one of the people said. The top executives were hastily booted from the company’s San Francisco headquarters.
Musk’s moves late Thursday signal his intentions to firmly put his stamp on Twitter. Musk has publicly criticized the company’s outgoing management over product decisions and content moderation, as well as saying he would restore former president Donald Trump’s account.
Still, “Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!” Musk tweeted Thursday.
The closure of the deal ended a months-long, roller-coaster saga in which the billionaire — the world’s richest person — conducted a hostile takeover to buy Twitter at an inflated price, only to renege on the deal and then enter into a bitter legal battle with the social network.
But in recent days, Musk appeared resigned, and even enthusiastic, about his impending ownership. He showed up at the company’s offices unexpectedly Wednesday, carrying a sink to suggest that the message that he would become owner needed to “sink in,” according to a photo he posted to his more than 100 million Twitter followers.
He also plans to hold a companywide town hall Friday.
Neither Twitter nor the executives responded immediately to a request for comment.
The moves place the entrepreneur at the helm of one of the world’s most powerful communication platforms just days ahead of major elections in the United States and Brazil.
Musk, a transportation magnate who is CEO of Tesla and SpaceX, has offered some clues about what he would do when he took over Twitter — despite having no experience running a social media service.
He has suggested that he wants to loosen standards for the policing of harmful content such as misinformation and hate speech. He has also decried so-called censorship by social media companies.
Musk has repeatedly criticized the company and supported online attacks against individual executives. He has told potential investors and partners that he wants to execute a financial turnaround of the company by firing nearly 75 percent of its workforce and leaning into…
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