Musk finally completes the sale of Twitter and is on a firing spree
The day has finally come after months of infuriating remarks, legal trouble, and numerous controversies the wealthiest man in the world Elon Musk now has the entire platform Twitter in his control after paying $44,000 million obviously.
This was confirmed via Elon Musk himself via his Twitter account this morning “The bird is freed,” he wrote.
The billionaire has entered the firm in the traditional Succession fashion, dismissing the CEO Parag Agrawal and the CFO Ned Segal, and the legal officer, Vijaya Gadde. They had to be removed from the Twitter offices, accompanied by the security team.
It’s not looking like the bleeding will end there. Documents aimed at potential investors that were revealed in The Washington Post told that the South African businessman’s plan was to cut as much as 75% or more of his employees after the sale was concluded.
What changes will Musk introduce to Twitter?
Musk has pledged to implement significant changes to the way the platform functions. In addition to reducing the cost of employees through layoffs, the company has also announced plans to relax its approach to content moderated (even returning to bans on specific accounts) to combat the growing use of bots and build a “Super App” that pure WeChat can manage to integrate payment, e-commerce and messaging.
At present, Musk is expected to remain as CEO of Twitter until he selects an entirely new group of managers.
If Musk is the brave savior of Twitter or is more likely to make it an even worse place to be the future will only tell. At the moment we should at least take a moment to enjoy the memes we’re leaving.