According to CNBC, The Washington Post, and Insider, the company has been added to Musk's business empire.
Parag was the last CEO of a public company when he was let go by Musk. The company's policy chief, who Musk had publicly criticized, has left the building. The general counsel, Sean Edgett, is no longer with the company, according to The New York Times. Sarah Personette was fired as well.
According to Insider, the execs received handsome payouts for their trouble, and Personette received $11.2 million.
Musk tried to back out of the deal in May after changing his mind about buying the social network. He filed a letter with the SEC affirming his commitment to the original deal after changing his mind again. Now that his $44 billion takeover is done, Musk is going to address the employees of his company.
It's time to sharpen your blades.
After moving his deposition from September to October, Musk was scheduled to be deposed on October 6 and 7. He said he would honor the contract he had with his lawyers just days before the deposition. A judge found that Musk probably deleted Signal messages that were relevant to the case. Musk received a court order that halted proceedings to allow the deal to close by October 28th.
Musk has made a number of public comments about what he will do with his new company. The Washington Post reported that Musk intended to cut 75 percent of the employees at his company. The 75 percent figure was incorrect according to Musk. In Musk's text messages, he and Calacanis talked about cutting staff and requiring a return to work.
Calacanis said day zero. It's time to sharpen your blades. 20 percent of the staff would leave voluntarily if required to return to offices. Calacanis told Musk that he would love to work for him.
The Supreme Court agreed to take up two cases that will determine whether or not the social media company is liable for illegal content.
Musk has suggested that he will change the way moderation works on the platform, potentially relaxing the policies that kept Donald Trump off it.
Although Musk has said that his acquisition is not a way to make money, he has raised ideas for cost cutting. There could be job cuts on the table to improve the company's bottom line if governments and corporations were to be charged a " slight cost" for using the social networking site. Musk's plans for the platform have been criticized by some of the company's employees.
Musk has talked about using social media to create something. This is a reference to China's WeChat app, which started as a messaging platform but has grown to encompass multiple businesses, from shopping to payments to gaming. In June, Musk told employees that they lived on the Chinese messaging app, WeChat. We will be a success if we can recreate that.
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