Acquisition –Tycoon Elon Musk has finally sealed the multi-billion Twitter Inc deal; what has signalized a new dawn on social media.
The Washington Post reported that after the billionaire acquired the social media company, he immediately embarked on reorganization including firing top executives.
In what Reuters termed as ‘acquisition with brutal efficiency’, the Tesla Inc founder started in earnest by firing the executives despite having outlined little clarity on his plans.
Those fired include Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde.
“The bird is freed,” he delivered a first tweet immediately after paying a whopping sh $44 billion on Thursday October 27.
Musk’s first threat was to acquire Twitter and reduce limits on content that can be posted on the worldwide favourite platform.
The self-described free speech absolutist, however, clarified that he will not open Twitter space for hate speech and divisions.
As of now, Twitter has a total of 7,500 employees who may either be fired soon and their replacements done.
Just after the deal had been sealed, Agrawal and Segal were in Twitter’s San Francisco headquarters doing their normal work only to be escorted out unprepared.
Mr. Musk, also runs a successful rocket company SpaceX,
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