Top Twitter executives fired as Elon Musk takeover begins

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SAN FRANCISCO — Elon Musk became Twitter’s operator late Thursday as his $44 billion deal to consider over the firm shut, marking a new period for just one of the world’s most influential social media platforms.

As a single of his very first moves, he fired a number of leading Twitter executives, according to three folks familiar with the issue who spoke on the affliction of anonymity to explore delicate matters. One particular of these confirmed the deal experienced closed.

CEO Parag Agrawal, chief economic officer Ned Segal, and Vijaya Gadde, head of legal plan, belief, and security, were all fired, in accordance to the individuals. Sean Edgett, the company’s typical counsel, was also pushed out, one particular of the individuals said. The top executives have been rapidly shuttled from the developing, the individuals stated.

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Musk’s moves late Thursday signal his intentions to put his stamp firmly on 1 of the world’s most influential social media businesses. Musk has publicly criticized Twitter’s outgoing management about product or service decisions and content moderation, as nicely as saying he would restore previous president Donald Trump’s account.

Still, “Twitter certainly can’t turn out to be a absolutely free-for-all hellscape, in which nearly anything can be said with no repercussions!” Musk tweeted Thursday.

The closure of the offer ended a months-extensive roller coaster saga in which the billionaire — the world’s richest particular person — carried out a hostile takeover to purchase the organization at an inflated selling price, only to renege on the deal and then enter into a bitter authorized struggle with the social network.

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But in new days, Musk appeared resigned, and equally enthusiastic, about his impending possession. He showed up at the company’s workplaces unexpectedly on Wednesday, carrying a sink to counsel that the concept that he would turn into proprietor necessary to “sink in,” according to a image he posted to his additional than 100 million Twitter followers.

He options to keep a companywide town hall on Friday.

Neither Twitter nor the executives responded promptly to a ask for for comment.

The moves area the heralded entrepreneur at the helm of just one of the world’s most impressive communication platforms just times forward of main elections in the US and Brazil.

Musk, a transportation magnate who is also CEO of Tesla and SpaceX, has presented some clues about what he would do when it took around Twitter — in spite of possessing no knowledge running a social media service.

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He has suggested that he desires to loosen benchmarks for the policing of damaging content this kind of as misinformation and hate speech. He has also decried so-known as censorship by social media corporations.

He has frequently criticized the organization and supported on the internet attacks in opposition to specific executives. He has informed prospective traders and companions that he needs to execute a financial turnaround of the firm by firing practically 75 per cent of the workforce and leaning into new company alternatives, including getting people subscribe to unique content material from common influencers on the provider.

Musk signifies a unique form of owner of a social media corporation than his predecessor, Twitter co-founder Jack Dorsey, or his now-rival Fb CEO Mark Zuckerberg.

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More than the system of his Twitter bid, he has at instances styled himself a reasonable, but also declared options to vote for a Republican president in 2024. He has also weighed in on geopolitical conflicts among China and Taiwan and on the Ukraine war.

Inside Twitter, Musk’s arrival has been met with resentment and dismay — nevertheless Musk’s visit on Wednesday left some hopeful. These hopes were being promptly dashed with the firings of prime executives, who experienced commanded the believe in of existing employees.

The temper immediately after Wednesday’s take a look at was “overall a bit more beneficial,” explained one worker, who spoke on the problem of anonymity because they were being not authorized to speak publicly about the enterprise, incorporating “everyone’s ready to near this chapter and get to what comes subsequent .”

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