Elon Musk buys Twitter and fires leaders immediately
Elon Musk has finally bought Twitter with a $44 billion deal. Tesla CEO was seen entering into the Twitter headquarters with a sink on 26th October. With the video of his entry, he tweeted that “let that sink in!” After all this his first action was to fire Twitter executive Parag Agrawal and more leaders from the company.
Elon Musk fired executives escorted off the premises, especially Agrawal and Ned Segal who were responsible for Twitter’s finances. He also fired policy chief Vijaya Gadde which seems to be in line with billionaire’s wish to make Twitter less moderated platform. Elon Musk has promised to get rid of the bots and to add some form of content monetization option for most prolific Tweeters on the platform. He wants to add some crypto payments to platform, including a crypto wallet and more showcasing options for NFTs and NFT creators. The employees are concerned about their jobs. Elon Musk previously made it clear to cut down numerous employees by three quarters, so the morale is very low.