Elon Musk Takes Control of Twitter, Fires CEO and CFO — Says He Buys Twitter ‘to Help Humanity’

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Tesla and SpaceX CEO Elon Musk has completed the acquisition of Twitter Inc and has reportedly fired the company’s CEO and CFO. “The reason I acquired Twitter is that having a common digital town square is vital to the future of civilization,” he said. “There is a great danger at present that social media will split into far-right and far-left echo chambers that generate more hatred and divide our society.”

Elon Musk took to Twitter

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Tesla CEO Elon Musk has completed a $44 billion acquisition of Twitter Inc and changed his Twitter profile description to “Chief Tweet”. On Thursday night he tweeted:

The bird got free.

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Shortly after the deal closed, Musk reportedly fired Twitter CEO Parag Agarwal, CFO Ned Segal and the social media platform’s head of legal affairs and chief content moderator Vijaya Gadde. Gadde led the team on Twitter that decided to ban former US President Donald Trump after the Capitol riots in 2021.

Musk tweeted on Thursday, explaining his inspiration for acquiring Twitter. The billionaire elaborated: “The reason I acquired Twitter is that it is important for the future of civilization to have a normal digital town square where a wide range of beliefs can be debated in a healthy way, without resorting to violence. can.”

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He continued, “There is currently a huge danger that social media will split into far-right and far-left echo chambers that generate more hatred and divide our society,” elaborating:

That’s why I bought Twitter. I didn’t do it because it would be easy. I didn’t do this to earn more money. I did it to try to help humanity, which I love.

Addressing Twitter advertisers, Musk explained: “Clearly Twitter can’t become a free-for-all hellscape where anything can be said without consequences!”

Emphasizing that “Twitter users are required to show ads that are as relevant to their needs as possible. Low-relevance ads are spam, but highly relevant ads are actually content,” the new Twitter boss concluded:

Basically, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise.

Binance CEO Changpeng Zhao (CZ) confirmed on Thursday that his company helped Musk’s Twitter acquisition, Tweet: “Our intern says we wired $500 million 2 days ago, probably just like I was being asked about Elon/Twitter.” Binance is among 18 companies that have committed to helping Musk with the deal.

The Tesla CEO went to Twitter’s headquarters on Wednesday with Sync to close the deal. “Entering Twitter HQ – Let That Drown!” He tweeted, According to Bloomberg, Musk told Twitter employees during his visit that he was not planning to lay off 75% of employees.

Do you think Twitter would be a better platform under Elon Musk’s leadership? Let us know in the comments section below.

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