Elon Musk closes Twitter acquisition, kicks off day one by firing CEO and CFO


What it’s good to know

  • Elon Musk is reportedly now the brand new proprietor of Twitter.
  • The Tesla CEO has apparently marked the end result of his acquisition by firing high executives.
  • CEO Parag Agrawal, CFO Ned Segal, chief coverage officer Vijaya Gadde, and basic counsel Sean Edgett had been apparently among the many high brass who had been fired.

Twitter is now formally owned by Elon Musk as he wraps up his $44 billion acquisition of the social media large, in accordance with studies. Musk reportedly culminated his takeover bid by terminating a lot of high executives on the firm, together with CEO Parag Agrawal and chief monetary officer Ned Segal.

In keeping with Reuters (opens in new tab), Agrawal and Segal had been escorted out of Twitter’s San Francisco headquarters when the deal was closed. Coverage chief Vijaya Gadde and basic counsel Sean Edgett had been additionally reportedly fired (through Axios (opens in new tab)). Musk publicly chastised Twitter’s executives for deceiving him concerning the variety of faux accounts and spam bots on the platform, which caused the deal to be put on hold in Could.

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