Elon Musk took control of Twitter and fired executives

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Elon Musk took control of Twitter and fired executives

Elon Musk at Twitter headquarters with a sink

Elon Musk, the boss of Tesla and SpaceX, took control of Twitter on Thursday after completing the acquisition of the social network for 44 billion dollars, according to several articles in the American specialized press.

After months of a twisting saga, the world's richest man immediately fired boss Parag Agrawal and two other executives, chief financial officer Ned Segal and Chief Legal Officer Vijaya Gadde, according to unnamed Washington Post sources.

Twitter did not respond to an immediate request from AFP.

Elon Musk had until Friday to complete the acquisition of the social network, failing which a trial would have taken place in November.

The operation has indeed been dragging on since the announcement at the end of April of a $44 billion acquisition offer, reluctantly accepted by Twitter.

The entrepreneur sought to unilaterally extricate himself from it in early July, accusing the company of lying to him, but the board of directors of the company took legal action.

Earlier this month, days before the start of a lawsuit that Twitter looked set to win, Elon Musk finally offered to close the deal at the originally agreed price.

The signs that the operation was going to take place within the time allowed by the justice had multiplied this week.

The richest man in the world notably visited Twitter headquarters in San Francisco on Wednesday and renamed himself Chief Twit on his profile – twit meaning moron in English.

And the New York Stock dung, where Twitter is listed, said the company's stock would be suspended on Friday before the opening of trading. session.

Thursday, Elon Musk tried to reassure advertisers by saying that he wanted to allow all opinions to be expressed on the social network, without making it an infernal platform where everything would be allowed.

Elon Musk has said he plans to ease content moderation on Twitter.

< p class="e-p">It is important for the future of civilization to have a public place online where a wide variety of opinions can debate in a healthy way, without resorting to violence, he wrote in a message specifically aimed at brands, which bring in the bulk of Twitter's revenue.

Presenting himself as an ardent defender of freedom of expression, the entrepreneur has already indicated that he intends to relax content moderation, rekindling concerns on a possible resurgence of abuse and misinformation on the platform.

He, for example, opened the door to a return of Donald Trump, ousted from Twitter shortly after the assault on the Capitol in January 2021.

What put off advertisers, who generally prefer to back their ads with consensual content. In his message, Elon Musk assures that he did not initiate the takeover because it was easy or to make money , but to try to help humanity.

Users should be able to choose what they see on the network according to their preferences, the same way you can, for example, watch movies or play video games for all ages, he said.

Elon Musk also wants to strengthen the fight against spam. He also made cryptic allusions to X, his vision of an all-purpose application (messaging, social network, financial services…), like WeChat in China. depth, and quickly, says UC Berkeley law professor Adam Badawi.

According to a Washington Post article last week, the businessman told investors he was planning to , ultimately, lay off almost 75% of Twitter's 7,500 employees.

Elon Musk plans to take Twitter out of the stock exchange

It has screwed up a lot of people, notes an employee, who spoke to AFP under the guise of ;anonymity. He calculated, based on internal figures, that more than 700 employees had already left the California group since June. These are rather voluntary departures, either for ethical reasons or for basely financial reasons, because an unlisted company is less interesting, he believes.

The leader has indeed planned to take Twitter out of the stock market.

Earlier this month, however, he said at a conference that it was essential that Tesla be listed on Wall Street, because if the public did not don't like what Tesla is doing, the public can buy stock and vote differently.

It's very important that I can't just do what I want, he added, laughing.

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