Elon Musk has finished purchasing Twitter for $44 billion and is now the company’s CEO.
After Musk took control of Twitter, he fired several of the company’s top executives, including CEO Parag Agrawal and Finance Chief Ned Segal, whom he had previously criticized at length.
Even though the company accepted Musk’s April proposal to buy the bird app, Musk then changed his mind, prompting the company to sue him on the grounds that “the arrangement inked no longer serves his personal interest.” It went back and forth in court for a while, but in the end, an agreement was reached.
TechCrunch claims to have heard that Elon will temporarily name himself CEO.
There have been rumors circulating that as much as 75% of the workforce may be laid off; however, Musk has stated that this number will be significantly lower.
The billionaire also wants to make Twitter an “open source,” which would mean fewer limitations for users. This man is ‘obsessed with truth,’ and he will stop at nothing to ensure the right to express it.
He elaborated by saying that he intends to imitate popular services like TikTok and WeChat in an effort to grow his user base.
