Elon Musk, CEO of Tesla, is now in command of Twitter, according to CNBC, despite doubts about his plans to carry out the USD 44 billion takeover transaction.
Twitter’s CEO, Parag Agrawal, and finance chief, Ned Segal, according to sources, have left the company’s San Francisco headquarters and won’t be coming back as Musk began the purge of executives after closing the expected deal. According to media sources, Vijaya Gadde, the director of legal policy, trust, and safety, was also fired.
Twitter agreed to accept Musk’s offer to purchase and privatise the social media platform in April.
Musk quickly cast doubt on his willingness to uphold the deal, claiming that the business had not fully disclosed the quantity of spam and phoney accounts using the site.
According to reports, Twitter sued Elon Musk after the billionaire announced he was ending the agreement, claiming he “refuses to honour his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” but he later decided to proceed with the purchase of Twitter at the original price of USD 54.20 per share.
Musk arrived at the Twitter headquarters earlier this week carrying a sink and documented the event on Twitter, saying “Entering Twitter HQ-Let that sink in!” and also updating his Twitter description to “Chief Twit.”
He tweeted a video of him and described his visit as an experience that he was trying to “sink in” as the Tesla CEO has until the end of the week to either close the Twitter deal or face a trial.
