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Elon Musk Finally Takes Over Twitter, Fires Top Executives

After a monthslong legal battle, SpaceX and Tesla CEO Elon Musk officially reached a deal with Twitter on Thursday to become the sole owner of the social media giant in a historic shakeup of the tech industry, according to multiple sources.

The deal, initially agreed upon in April, takes Twitter private at $54.20 per share, a roughly $44 billion transaction that the tech mogul has previously attempted to escape over claims that he was misled about the number of spam or “bot” accounts on the platform. As one of his first moves, Musk reportedly fired several top executives, including CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, The Washington Post reported.

Gadde oversaw many content moderation decisions, drawing criticism from conservatives and Republicans for a censorship-heavy approach, and was heavily involved in the decision to kick off former President Donald Trump following the Jan. 6 Capitol riots.

4 thoughts on “Elon Musk Finally Takes Over Twitter, Fires Top Executives”

  1. Putting out facts is the old way of news reporting. Today, we simply ignore the facts and put out whatever is beneficial to whoever owns the news source. I am personally glad Mr. Musk did take over Twitter. Maybe it’s a start in the right direction unless he becomes compromised also!

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