Elon Musk acquires Twitter for $44bn and fires its top executives.

By Ruzeki -Shadow News

    Elon Musk has taken control of Twitter. This puts the world’s richest man in charge of one of the world’s most influential social media platforms. After completing the deal, Mr. Musk fired the Twitter top executives. 

Musk visited Twitter's San Francisco headquarters earlier this week before the acquisition closed to meet with employees.

    The Tesla CEO, who earlier said he was acquiring Twitter for the sake of humanity, announced the news on his Twitter page saying “The bird is freed." 

    Elon Musk fired the chief executive Parag Agrawal, chief financial officer Ned Segal and legal affairs and policy chief Vijaya Gadde and Sean Edgett, who has been general counsel at Twitter. 

    According to reports, Parag Agrawal and Ned Segal were in Twitter's San Francisco headquarters when the deal closed and were escorted out thereafter. 

Top executives fired by Elon Musk after taking control of Twitter.

    The Tesla chief executive has promised to scrap user bans as he does not believe in permanent suspensions. The users previously suspended from the platform may be allowed to return. 

    Additionally, Elon Musk has said he wants to "defeat" spam bots on Twitter, make the algorithms that determine how content is presented to its users publicly available, and prevent the platform from becoming an echo chamber for hate and division, even as he limits censorship. 

Elon Musk open letter: 

    On Thursday, Elon Musk first hinted at completing the deal, when he released a note on his Twitter page outlining why he is acquiring Twitter and what will be his agenda for the company after the acquisition. The letter said:

    “The reason I acquired Twitter is that it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right-wing and far left-wing echo chambers that generate more hate and divide our society. 

    In the relentless pursuit of clicks, much of traditional media has fueled and catered to those polarized extremes, as they believe that is what brings in the money, but, in doing so, the opportunity for dialogue is lost. 

    I also very much believe that advertising, when done right, can delight, entertain and inform you; it can show you a service or product or medical treatment that you never knew existed, but is right for you. For this to be true, it is essential to show Twitter users advertising that is as relevant as possible to their needs. Low relevancy ads are spam, but highly relevant ads are actually content. 

    Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise. To everyone who has partnered with us, I thank you. 

    Let us build something extraordinary together. That is why I bought Twitter. I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility. 

    Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences! 

    In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature.”