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Elon Musk, the Founder and Chief Executive Officer of Tesla Motors and SpaceX has finally taken over the control of Twitter after finalising the $44 billion deal late Thursday.
His first action was the immediate sack of the Chief Executive Officer, Parag Agrawal, the Chief Financial Officer, Ned Segal, Head of Policy Trust and Safety, Vijaya Gadde, among others.
However, there was confusion over the deal on Thursday night, as neither Twitter nor Musk immediately confirmed the firings. Musk, who had earlier changed his Twitter bio to “Chief Twit”, tweeted about SpaceX but did not mention his new acquisition or the dismissals after the news broke.
The reported firings follow news that Musk planned to eliminate nearly 75% of Twitter’s staff in an effort to pay down the company’s debt. Musk later dismissed those reports, telling employees he would not cut such a large portion of the staff.
Musk paid a visit to the company’s San Francisco headquarters on Wednesday, carrying a sink, and has said he is purchasing the company “to try to help humanity”.
“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 wrote.
