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When Elon Musk bought Twitter, he also fired several executives at the beginning

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Tesla CEO Elon Musk now owns Twitter, the social media giant.

According to CNBC news agency, Parag Agrawal, Twitter’s CFO, left the super company’s headquarters in San Francisco a few hours ago and will not be returning. The Washington Post news agency also reported that Vijaya Gade, head of Twitter’s legal policy, has also been fired.

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Elon Musk, in order not to participate in disputes and lawsuits with the top executives of Twitter, signed and registered the purchase contract of this social media for 44 billion dollars on Friday.

On the occasion of such a shocking move, Musk tweeted that “the bird is free from the cage.”

Last April, Twitter accepted Musk’s offer to buy the largest social media platform and take it private. However, Elon Musk gradually took a different stance on the deal to buy Twitter because he believed that Twitter’s top executives had not sufficiently disclosed the number of fake accounts on the platform.

When Musk announced the termination of the contract to purchase Twitter, the directors of the said company sued the billionaire and claimed that he “refuses to fulfill his obligations to Twitter and its investors, because the contract is signed, it no longer depends on his personal interests.” »

In the following months, Elon Musk and Twitter, through their lawyers, entered into negotiations to resolve these differences. If the negotiations between the two did not come to an end, the two sides would have to appear in the Delaware State Supreme Court to determine the fate of the ownership of the largest social media.

In early October, Musk changed his mind and said he planned to buy Twitter at the original price $54.20 to buy for each share, of course, if Twitter’s top executives withdraw from continuing their lawsuit. Twitter’s lawyers did not believe Musk’s words and declared that “Tesla’s CEO’s proposal is an invitation to mischief and cause further delay.”

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Finally, a judge in the Delaware State Supreme Court issued a ruling that Elon Musk to October 28 He has the opportunity to register the Twitter purchase agreement or appear in the first court session.

The exact details of how to finance the purchase of Twitter have not yet been released. In early 2022, Musk received financial assistance from a number of investment banks to buy Twitter. He also received support from some of the leading investors in the technology world for this action.

for example, Binance, the largest digital currency exchange, announced on Friday that the company will be one of Musk’s main partners during his tenure at Twitter. Binance CEO Changpeng Zhao said in a statement about the partnership with Musk-owned Twitter:

We are excited to help Elon realize a new vision for Twitter. Our goal is to expand the use and adoption of digital currency and blockchain technologies for everyone, combining social media Twitter and Web 3.0.

Web 3.0is a term used in the technology industry to refer to the next generation of the Internet.

On Thursday, Musk wrote a message intended to reassure advertisers that Twitter’s messaging service “will not become a free-for-all hell, a place where you can do and say anything without consequence.”

In his message, Musk described the issue as follows:

The reason we bought Twitter is so that we can share a wide range of thoughts and opinions in a healthy and non-violent way. This work is important to bring the future of civilization closer to the digital city square. Currently, social media is facing a great danger; They can become think tanks of extreme right and extreme left political factions that spread hatred and create divisions in the society.

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Adib

Adib Zahedi is the CEO and Founder of mazhd.com. He has nearly a decade of experience in IT, including two years spent working on a Youtube Chennal. He is also an author and writes articles for mazhd.com. Has articles include tutorials and covers everything from Windows PCs to smartphone's software.

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