Businessman Elon Musk bought Twitter this morning and promptly fired the company’s executives.
Parag Agrawal, chief executive, and chief financial officer and chief security officer were on the street, according to The Washington Post and CNBC, citing multiple anonymous sources at the company.
Parag Agrawal is the man who sued Musk to force him to keep his previous Twitter purchase agreement, which the multimillionaire tried to revoke on the grounds that the social network’s management did not provide him with all the data on the number of existing “ghost users or fake accounts.
The news of the completion of the purchase came a few hours before the opening of the courts. Another session of the trial was scheduled for that day, which confronted Musk and Twitter in the process, during which the social network required him to fulfill the obligation to fulfill the contract of sale, which he undertook.
But earlier in the day, Musk himself warned via Twitter that he would do so, writing that “it’s important for the future of civilization to have a ‘online public forum’ where diverse opinions can have healthy debates without resorting to violence.”
“However, Twitter obviously can’t be some hell of a place, open to everyone, where you can say whatever you want without consequences,” he added.
Later, Musk leaked into the social network’s headquarters in San Francisco, USA.
In a Twitter post, the philanthropist, who is of three different nationalities (South African, Canadian and North American), wrote: “Entering Twitter headquarters – let it soak in!”, which translates in Portuguese as “Entrance to Twitter headquarters – reflect “.
The businessman also changed his Twitter profile, calling himself “Chief Twit”, which in English “twit” means “idiot”, and changed his location to the social network’s headquarters in San Francisco, testifying about the imprisonment. business.
After this publication, according to the Wall Street Journal, the banks that participated in financing the operation began to send money.
Musk’s $44 billion deal to build his own social network was supposed to go through by Friday.
The businessman tried to leave unilaterally in early July, accusing the company of lying, but the social network filed a lawsuit.
Days before filing a lawsuit that Twitter seemed set to win, Elon Musk offered to complete the deal at the originally agreed price.
A staunch defender of free speech, the businessman has already expressed a willingness to make content moderation more flexible, raising concerns again about a possible resurgence of abuse and misinformation on the platform.
As an example, Musk opened the door for the return of Donald Trump, who was ousted from Twitter shortly after the January 2021 Capitol attack.
This position is discouraging for advertisers who are often looking for consistent content. In 2021, the company’s advertising revenue, which accounted for about 90% of turnover, has already fallen significantly amid acquisition uncertainty, a slowing economy and changes made by Apple.
He pointed out that there is a “great danger” of increased polarization on social media, with far-right and far-left content predominating.
“In addition to complying with laws, our site must be warm and welcoming to everyone,” the businessman emphasized to advertisers.
