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Elon Musk Takes Control of Twitter, Fires CEO and CFO — Says He Buys Twitter ‘to Help Humanity’ – Featured Bitcoin News

Tesla and Spacex CEO Elon Musk has accomplished the acquisition of Twitter Inc. and reportedly fired the company’s CEO and CFO. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square,” he stated. “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”

Elon Musk Takes Over Twitter

Tesla CEO Elon Musk has accomplished his $44 billion acquisition of Twitter Inc. and has modified his Twitter profile description to “Chief Twit.” On Thursday night time, he tweeted:

The chicken is freed.

Immediately after the deal closed, Musk reportedly fired Twitter CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, the social media platform’s head of authorized affairs and chief content material moderator. Gadde headed up the crew at Twitter that made the choice to ban former U.S. President Donald Trump after the Capitol riot in 2021.

On Thursday, Musk tweeted explaining his motivation for buying Twitter. The billionaire detailed: “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.”

He continued, “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society,” elaborating:

That is why I purchased Twitter. I didn’t do it as a result of it will be simple. I didn’t do it to make extra money. I did it to attempt to assist humanity, whom I really like.

Addressing Twitter advertisers, Musk defined: “Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!”

Emphasizing that “It is essential to show Twitter users advertising that is as relevant as possible to their needs. Low relevancy ads are spam, but highly relevant ads are actually content,” the brand new Twitter boss concluded:

Fundamentally, Twitter aspires to be probably the most revered promoting platform on this planet that strengthens your model and grows your enterprise.

Binance CEO Changpeng Zhao (CZ) confirmed Thursday that his company helped fund Musk’s Twitter acquisition, tweeting: “Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter.” Binance is among the many 18 firms that dedicated to serving to Musk fund the deal.

The Tesla CEO went to Twitter’s headquarters on Wednesday with a sink to shut the deal. “Entering Twitter HQ – let that sink in!” he tweeted. According to Bloomberg, Musk informed Twitter workers throughout his go to that he’s not planning to put off 75% of the workers.

Do you assume Twitter might be a greater platform below the management of Elon Musk? Let us know within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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