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CEO North America > News > Elon Musk Completes Twitter Takeover and Fires Top Executives

Elon Musk Completes Twitter Takeover and Fires Top Executives

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Elon Musk Completes Twitter Takeover and Fires Top Executives
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Elon Musk has fired Twitter top executives only hours after finalizing the purchasing of the social media company Thursday, according to people familiar to the matter

Twitter’s CEO Parag Agrawal and CFO Ned Segal left the company’s San Francisco headquarters and will not be returning. Legal affairs and policy chief Vijaya Gadde was also fired.

Agrawal and Segal were escorted out from the building once the deal was closed, the sources added.

“The bird is freed,” Musk tweeted after he completed his $44 billion acquisition on Thursday, ending months of tension between the world’s richest man and the social media company leadership.

After the billionaire entrepreneur completed his takeover analysts are still assessing how one of the world’s most influential social-media platforms is going to change.

“There is currently great danger that social media will splinter into far-right wing and far left-wing echo chambers that generate more hate and divide our society,” Musk said in a message Wednesday, where he assured the platform wouldn’t devolve into “a free-for-all hellscape, where anything can be said with no consequences.”

Before closing the deal, Musk walked into Twitter’s headquarters on Wednesday with a porcelain sink and documented the event on Twitter saying “Entering Twitter HQ – let that sink in!”

The Tesla CEO also changed his Twitter profile description to “Chief Twit.”

Tags: Elon MuskParag AgrawalTwitter

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