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Elon Musk Finalized Twitter Take Over. Fired Top Executives


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Elon Musk has completed his $44bn (£38.1bn) takeover of Twitter, according to an investor in the firm.

Twitter's chief executive and finance boss have reportedly left with immediate effect.

It brings to a close a saga that saw Twitter going to court to hold the world's richest man to the terms of a takeover deal that he had tried to escape.

Mr Musk tweeted his interest in the platform was not about making money.

Twitter investor Ross Gerber, who is chief executive of Gerber Kawasaki Investments in California, confirmed to the BBC that the deal had been completed.

The company's chief executive, Parag Agrawal, and chief financial officer Ned Segal are no longer with the company, according to US media reports.

Mr Musk, a self-styled "free speech absolutist" has been critical of Twitter's moderation policies and the news will be greeted with mixed feelings by Twitter users and employees.

Some users, particularly those on the US right, argue conservative voices are censored on the platform - an accusation that Twitter denies.

Former US President Donald Trump remains banned from the platform - a decision Mr Musk has previously said was "foolish" and that he would reverse.

But others fear relaxing moderation policies would allow hate-speech to proliferate. 

In a tweet addressed to Twitter advertisers Mr Musk said that the platform could not become a "free-for-all hellscape" and must be "warm and welcoming for all".

 

https://www.bbc.com/news/technology-63402338

 

 

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jacs vs looser

I can't help but think how this one man's decision will most likely help Trump get back into office come 2024 :toofunny:

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7 minutes ago, Siena said:

Ok but can someone pls explain to me how Elon Musk buying twitter is this horrible thing? I'm genuinely asking. 

He is the Kanye West of the tech industry, that's all you need to know.

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G U C C I

This is such bullshit. He is going to allow such vile bigotry, racism, misogyny, and antisemitism to run rampant because he believes those fall under freedom of speech and should come without any consequences. So now Trump and Kanye have a clear path to turn Twitter into a playground for white supremacy. Their road to 2024 just got a lot smoother. Also it doesn’t shock me to see Joe already showing appreciation for Elon. 

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Helxig

Honestly, I'm not kidding here, the fact that Trump will be unblocked and will have a platform to stand on again is irresponsible and scary knowing that elections are coming. People underestimate the power of Twitter when it comes to figures like him. It was a responsible decision made to de-platform him when they did it.

Also all of what @G U C C I said

1 hour ago, G U C C I said:

This is such bullshit. He is going to allow such vile bigotry, racism, misogyny, and antisemitism to run rampant because he believes those fall under freedom of speech and should come without any consequences. So now Trump and Kanye have a clear path to turn Twitter into a playground for white supremacy. Their road to 2024 just got a lot smoother. Also it doesn’t shock me to see Joe already showing appreciation for Elon. 

 

I'll be myself until they fūcking close the coffin.
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RahrahWitch

Ugh I still had hope he'd bail.

Not only is he going to flood the platform with hate speech under the disguise of "free speech" He's going to give dangerous people platforms. There's going to be a wave of nasty people running wild because they think he's going to protect them. :fthis:

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RudraCNG
1 minute ago, papergangster said:

How does Twitter make money? 

In my country they say "when you don't pay for it, you're the product" :selena:

Well, I guess at least one source of income is promoted tweets.

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If it turns into (more of) a cesspit, it’ll lose its influence or become “uncool” like Facebook.  Celebrities will leave, average joes leave… it’ll die.

Also, let’s not forget the EU and other countries are very happy to take on tech giants and social media platforms.  They’ll happily ban Twitter if it becomes full of dangerous ideas.

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papergangster
3 minutes ago, RudraCNG said:

In my country they say "when you don't pay for it, you're the product" :selena:

Well, I guess at least one source of income is promoted tweets.

Oh I didn’t know you could promote tweets, I’m not a big Twitter user. 

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