From the start, Musk had made it clear his intention to turn Twitter into a private company, which, unlike publicly traded companies, has fewer obligations to provide information on its movements and performance and is subject to less scrutiny by companies. regulatory authority.
The merger between Twitter and X Holdings is confirmed, the vehicle created by Musk to complete the operation and which will officially be the owner of all the titles of the social network.
According to some of the major media outlets in the United States, Musk’s first action after taking over the company was to fire some of its top executives, including CEO, Parag Agrawal; Ned Segal, Chief Financial Officer, and Vijaya Gadde, Chief Policy and Legal Officer.
In addition, several sources point out that Musk plans to get rid of 75% of the staff working at Twitter, which currently totals around 7,500 people, leaving it to around 2,000 employees.
