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Elon Musk completes Twitter acquisition, starts off with exec firings

Elon Musk completes Twitter acquisition, starts off with exec firings
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Singapore – Months after the initial desire from billionaire Elon Musk to acquire social media giant Twitter in April, the acquisition deal has been finally completed. However, as part of the early moments of the acquisition, Musk has been reportedly firing key executives of the Twitter board.

Reports from the BBC note that while there was no official investor relations announcement posted, an early investor for the company confirmed the deal has been done. In response to the acquisition, Musk posted several tweets to commemorate the deal, including a tweet saying ‘the bird is free’, and a video of him entering the Twitter headquarters–while jokingly bringing a kitchen sink and saying ‘let that sink in’.

Musk also tweeted out a statement directed at advertisers, saying that his motivation in acquiring Twitter was to have a ‘common digital town square’, where a wide variety of beliefs can be shared with one another without resorting to violence.

“There is currently great danger that social media will splinter into far right and far left wing echo chambers that generate more hate and divide in our society”, he said.

Despite the intentions, Musk’s Twitter takeover is marred with issues. Reuters reports that inside sources say that Musk has fired chief executive Parag Agrawal, chief financial officer Ned Segal and legal affairs and policy chief Vijaya Gadde. Agrawal and Segal, who were present at the closing deal, were later escorted out.

It should be recalled that Agrawal previously said that Musk won’t be joining the Twitter board following his desire to acquire the company.

The Musk-Twitter acquisition deal has been a long one in the making, with Musk previously backing out of the deal in July. In response, Twitter filed a lawsuit against Musk, with the latter finally accepting to acquire Twitter.

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