The acquisition of the social media platform by Musk closed on Thursday evening.
Musk walked into the office with a sink.
He wrote in an attempt to be punny that he had entered the headquarters of the social networking site.
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
In the wake of his takeover, the billionaire took to the platform himself to proclaim "The bird is freed" in reference to the logo of the platform.
Musk took the title of CEO on Friday. Musk is now the CEO of three companies.
We don't know much about Musk's takeover of the social network.
The finalization of the deal caused Musk to fire Parag and Ned. The chief of policy and legal affairs was let go.
When the deal was signed with Musk in the building, the two men were escorted out of the building.
Since the early days of Musk's interest in purchasing the company, they have had a difficult relationship.
In August, Musk challenged Agrawal to a public debate about the company's information on how many accounts are on the platform.
I hereby challenge @paraga to a public debate about the Twitter bot percentage.
Let him prove to the public that Twitter has <5%>— Elon Musk (@elonmusk) August 6, 2022
Even though they aren't walking away empty-handed, the executives aren't walking away empty-handed. According to reports, Segal is set to get $25.4 million, followed by Agrawal who is set to get $38.7 million. A large amount of money will be received by Gadde.
According to a report by the Washington Post, Musk had plans to lay off 75% of the employees at his company by the end of the year. There are a lot of people working on the social networking site.
The report cited documents and interviews with people close to the matter, noting that even before Musk's reported decision to encourage mass layoffs, Agrawal and other top leadership had already set in motion plans to cut company payroll by over a billion dollars by the end of the year. It would cost the company 25% of its workforce.
According to reports, Musk denied his plans to release so many employees and told employees that the 75% figure was incorrect.
The sources decided to remain anonymous because the information has not been made public.
Musk wrote a letter to advertisers on Thursday detailing his plans for the future of the platform.
"It is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated without resorting to violence," Musk wrote. "Social media will splinter into far right wing and far left wing echo chambers that will cause more hate and divide our society."
The platform wouldn't become a free-for-all hellscape.
Musk told potential and current advertisers that he wants to make the user experience more personalized by allowing users to choose their own preferences and advertisements that are relevant to their interests.
The billionaire wanted to back out of the deal in May due to his dislike for the high number of fake accounts on the micro-blogging site.
Peiter Zatko, a former head of security at the company, confirmed in testimony against the company that Musk had maintained that the company had lied about the number of fake accounts.
Zatko said that the company was more focused on user growth than taking down potentially harmful accounts.
At the Met Gala in May, Musk doubled down on his dislike for these accounts and his plans to remove them as quickly as possible.
"We don't want people getting tricked out of their money and that kind of thing, so we have to get rid of the bots and troll and everything, because that's obviously diminishing the user experience, and that's what I have said publicly that we have to get rid If someone is operating a bot or troll on me, I'm definitely their enemy.
The billionaire has made it clear that this will be a priority for him moving forward in his ownership of the company, even though he has not laid out a plan for what exactly he will do in order to clear the house of these accounts.
The deal between the two companies closed on Friday.
According to a source, Musk is planning to remove life bans from users who have been removed from the platform, something that could bring the most controversial of past users back.
All Rights Reserved © 2024
