The Tesla boss had announced that he would close the deal to buy Twitter for $44 billion by Friday. As promised, Elon Musk signed the deal, becoming the social network’s new CEO. It must be said that Musk had the choice between concluding the acquisition of the platform and facing a legal battle. Find out what happens now that the CEO of Tesla is in charge of Twitter.
Senior executives left company headquarters
According to one publication by David Faber (American CNBC financial journalist) on Twitter this October 28, “Elon Musk is now in commandnot of the from Twitter “. Elon Musk himself said very early this morning: “The bird is free“. It was probably his way of indicating that the company now belongs to him.
That said, the CNBC reporter revealed, “Former Twitter CEO Parag Agrawal and CFO Ned Segal left company headquarters and won’t return as Musk era begins“. According towashington postone of the first steps Musk took after the takeover was to lay off many long-serving senior executives from Twitter.
In addition, it should be noted that a survey carried out by Twitter had already revealed that the majority of former and current employees of the company were not enthusiastic about the idea of Musk becoming their CEO. They feared that his desire to give users more freedom would further deteriorate the quality of content posted on the social network.
Elon Musk reassures Twitter advertisers
Yesterday, the boss of Tesla had published a series of images for explain to Twitter advertisers what motivated him to acquire the company. Musk said:The reason I acquired Twitter is that it is important for the future of civilization to have a common digital public square, where a wide range of beliefs can be debated in a healthy way, without resorting to violence“.
In addition, he added that there is currently a strong chance that social networks will eventually split into “far-right and far-left echo chambers, which generate more hatred and divide our society“. Twitter’s new CEO has reassured advertisers. He indicated that the social network would not become “a free hell for all, where you can say anything without consequence“.
Elon Musk is the new CEO of Twitter and, in just a few hours, he has caused a real upheaval within the company. It only remains to hope that, under his leadership, the social network strengthens its leadership position.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
