One of the world's biggest social media platforms has been taken over by the world's richest man.

The firing of CEO Parag Agrawal, chief financial officer Ned Segal, and legal affairs and policy chief had been reported by the news agency.

Musk, who has called himself a " free speech absolutist (opens in new tab) ", also plans mass layoffs at Twitter while also preparing to send a massive Falcon Heavy rocket to space Monday.

Musk is reported to have offered $43 billion in cash for the social networking site.

Musk added (opens in new tab) "let the good times roll" after closing the acquisition he had fought in the summer. Musk had been trying to back out of a hostile takeover that he started in April.

On the eve of a deadline imposed by a Delaware Chancery Court judge, Musk made the purchase final. The court was going to start a trial in November if Musk hadn't closed his purchase by today.

According to the Washington Post, Musk agreed to restart his purchase deal on October 4 because he and the company were distrusting each other. On the day before, Musk asked his followers to vote on a proposal to bring an end to Russia's invasion ofUkraine.

According to the Washington Post, Musk's acquisition will likely affect the upcoming elections.

Musk is expected to allow Trump to return to the platform. The invasion of the Capitol by rioters resulted in five deaths.

The House committee issued a subpoena to Trump in order to investigate his role in the events. According to CNN, Trump's lawyers have until November 4 to turn over requested documents and to testify.

The president says that Musk is a genius.

elon musk sitting in an occupy mars black tshirt with plants in behind

SpaceX founder Elon Musk is now the owner of Twitter. (Image credit: Michael Gonzalez/Getty Images)

How Musk will shape Twitter and its 400 million users, which in turn will influence how information is spread in social media, the news cycle and politics, is a topic of debate.

According to a report in the Guardian, in June of this year, Musk told employees that if the information was not illegal, they should allow it to be posted on the site. On Thursday, Musk promised to make a "free speech" platform for the social networking site.

Negative attention was given to Musk's comments on social media. A group of anonymous employees said their CEO's behavior in the public sphere is a frequent source of distraction and embarrassment for them in an open letter posted in an internal Microsoft Teams channel. The New York Times reported that at least five people were fired after the incident.

Business Insider reported in June that Musk had denied allegations of sexual harassment against a flight attendant.

The co-author of Why Am I Taller is Elizabeth Howell. A book about space medicine is in the works. Follow us on social media, like us on Facebook (opens in new tab)