After months of speculation, the tycoon Elon Musk had finally taken control of Twitter and fired several top executives of the company.
By Admin: Tesla CEO and founder Elon Musk took the control of Twitter and fired several Top Executives according to a report from AFP News Agency. This just came ahead of Friday’s deadline to complete the purchase formalities of the social media platform.
He had accused the platform of misleading them and Twitter Investors over the number of fake accounts on the social media platform.
On Thursday, Musk said that he is buying Twitter and will do his best to help humanity, whom he loves the most Parag Agarwal was in San Francisco when the deal got closed and got escorted.
A day before when the deal got completed, he added in his Twitter bio “Chief Twit”
He further added, “Twitter obliviously cannot become free from all hellscape, where anything can be said with no consequences. He advised in open letters to advertisers.
The $44 Billion deal finally got closed and began on April 4 when Musk Announced that he had taken over a 9.2 per cent stake in the company, making him the largest shareholder then. He said he will be cleaning up all the Fake Accounts and his lawyers accused Twitter of not complying with his requests for information on the subject.
However, things didn’t go pretty well he was doubtful about the purchase, citing concerns that the number of fake accounts on the microblogging platform is way up than they claimed. He then announced that he will no longer go ahead with the 44 billion dollar deal. Twitter then argued that the billionaire now is backing off from the deal and they filed a lawsuit against him. In early October when Musk was all set to be deposed by Twitter’s lawyers ahead of their trial, he again took a U-turn and offered to complete the deal.
