Elon Musk takes over Twitter in $44bn deal | Technology News

Tesla CEO’s buy caps a six-month saga over the way forward for the social media big.

Elon Musk has formally taken management of Twitter after finalising a $44bn deal to purchase the social media community.

In certainly one of his first choices on the helm of the social media big, Musk fired three prime executives together with CEO Parag Agrawal, the Washington Put up reported on Thursday, native time, citing three nameless sources.

Chief Monetary Officer Ned Segal and Vijaya Gadde, the highest govt for authorized coverage, belief and security, had been additionally let go, the newspaper reported.

The Tesla CEO’s buy caps a six-month saga that noticed Twitter initially resist Musk’s buy supply after which sue the billionaire after he signalled he would stroll away from the deal as a result of considerations about spam accounts.

Musk’s curiosity within the platform has turn out to be a lightning rod for the talk round free speech within the digital age, with critics expressing fears his management of the platform might imply open slather for hate speech and misinformation.

Musk, who describes himself as a “free speech absolutist”, has criticised Twitter’s moderation insurance policies and objected to censorship that goes past the necessities of the legislation.

In a prolonged message posted on Twitter earlier than the acquisition deadline on Friday, Musk, who earlier modified his Twitter bio to “Chief Twit,” denied any intention to show Twitter right into a “free-for-all hellscape”.

“The explanation I acquired Twitter is as a result of you will need to the way forward for civilization to have a standard digital city sq., the place a variety of beliefs may be debated in a wholesome method, with out resorting to violence,” he mentioned.

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