Elon Musk has taken over the microblogging platform Twitter, studies CNBC. The acquisition happened on Thursday night, i.e., on October 27, 2022, a day after Musk entered the corporate’s San Francisco headquarters with a rest room sink in his hand. Apparently, Musk finalised the deal earlier this week, walked into the Twitter HQ, talked to a bunch of individuals, and took over the operations instantly. As of October 28, 2022, Musk’s Twitter bio reads “Chief Twit.”

Musk fired three executives as quickly as he joined workplace 

Earlier right now, the SpaceX and Tesla CEO tweeted, “the bird is freed,” a nod to his acquisition of Twitter that, as per him, will liberate the platform right into a “town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.” 

In his first transfer because the proprietor of Twitter Inc., Musk fired three of the corporate’s prime executives, together with the CEO Parag Agrawal, who was trolled for his clarification associated to the spam accounts earlier this 12 months. Twitter’s CFO Neg Segal and head of authorized Vijaya Gadde have been laid off. The readers have to know that Musk plans to oust almost 75% of Twitter’s staff. 

Meanwhile, it’s being speculated that new management may deliver again the Twitter accounts that have been banned prior to now, together with that of former US president Donald Trump. Regarding financing for the $44 billion deal, the CNBC report additionally mentions that Musk has secured backing from prime funding banking companies, tech CEOs and different enterprise capitalists.

What modifications can Musk deliver to the platform?

In the previous, Musk has stated that he needs to revolutionalise Twitter right into a Super app and cut back the variety of pretend accounts on the platform. Now that he owns the platform, Musk is predicted to make a number of modifications to how the corporate features internally and the way folks use the app, which may embody a brand new content material distribution system. 

A Delaware decide gave Musk and Twitter till October 28, 2022, to finalise the deal, failing which each events must attend a trial in November. While Musk was reluctant to go on together with his provide of $44 billion, he modified his thoughts firstly of October, asking Twitter to take again the case in opposition to him. Now that Musk is in control of the microblogging platform, the entire world is happy to see what modifications he makes to the platform and the way customers profit from it.