Elon Musk takes over Twitter and fires top executives – now he wants to be the boss himself

Status: 08:21 | Reading time: 3 minutes

D.According to media reports, the Elon Musk era on Twitter began with layoffs in the executive suite. On Thursday, among other things, former boss Parag Agrawal and chief financial officer Ned Segal were sacked, among other things, CNBC and the Wall Street Journal reported Friday evening. Top manager responsible for fighting hate speech and false information Vijaya Gadde was among the fired, he said.

Musk had repeatedly criticized Agrawal and Twitter’s leadership in recent months. At least one of the executives had been taken out of the company headquarters, the New York Times wrote, citing informed people. An official announcement of the completion of the approximately $ 44 billion acquisition was still pending.

of the “New York Times” according to it, it was also unclear whether the transaction had already been completed at the time of the layoffs. According to the Washington Post and “Wall Street Newspaper” the tech billionaire has owned Twitter since Thursday.

According to reports, Musk initially wants to take over the post himself after buying Twitter. In the long run, however, he could cede the top spot to someone else, Bloomberg Financial Service wrote Friday.

The transaction must be completed by Friday at 5pm Eastern Time (11pm CEST) or the settlement will go to court. A judge gave Musk and Twitter this deadline to finally settle the takeover after months of back and forth. Musk tweeted late Thursday (local time): “The bird was released.”

Musk had planned the acquisition himself, but then tried to get out of the deal, citing allegedly false information about the number of fake Twitter accounts. Twitter took him to court, and just before the trial in Delaware began, Musk agreed to buy Twitter at the originally agreed price of $ 54.20 per share. The fact that he made the termination of the judicial proceedings a condition caused uncertainty until the end.

It has been clear for days that Musk has come to terms with his new role as Twitter owner. On Wednesday he showed up at the company’s headquarters in San Francisco and described himself as “Chief Twit” on his Twitter profile. According to US media, Friday wants to introduce himself to employees on a larger scale. This shouldn’t be an easy performance for him after Musk had publicly criticized the company and its management for months and recent reports of large job cuts have caused uncertainty among employees. He is said to have rejected information that he wanted to throw out three-quarters of the employees at headquarters this week.

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According to Bloomberg, Musk also wants to implement his announcement that Twitter users will be banned for life. Former US President Donald Trump, among others, is affected by such a ban, which according to previous information is irreversible. It is still unclear whether lifting the lifetime ban would also change Trump’s stance, according to Bloomberg. In a video on Twitter, Trump praised his supporters who stormed the Capitol in Washington on January 6, 2021. He was then banned from the platform.