Elon Musk completes $44bn Twitter deal

Image Source: Reuters

After months of legal back-and-forth, Elon Musk now owns Twitter. On Thursday night, Musk closed his $44 billion deal to buy the social media platform. A number of top executives, including CEO Parag Agrawal and CFO Ned Segal, have been fired, according to multiple outlet reports. 

Agrawal and Segal were in Twitter’s San Francisco headquarters when the deal closed and were escorted out, Reuters reported. Musk plans to become Twitter’s CEO following the acquisition.

Before closing the deal, Elon Musk walked into Twitter’s headquarters on Wednesday with a porcelain sink, subsequently tweeting “let that sink in.” 

Musk changed his Twitter profile description to “Chief Twit.”

“Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!” Musk also said on Thursday. “Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise,” he added.

The Full Story

May 13, 2022

August 24, 2022

Musk sent his second termination letter in late August citing  the claims of whistleblower Peiter Zatko

September 9, 2022

Musk sent the third termination letter in early September accusing the company of violating the terms by paying the whistleblower $7 million to keep him ‘’quiet”

October 28, 2022

Elon Musk completes the acquisition of Twitter

Written by Maya Robertson


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