JUST IN: Elon Musk has taken control of Twitter and fired its top executives
Musk fired CEO Parag Agrawal and two other executives, according to two people familiar with the decision. Twitter declined to comment.
Perhaps most immediately, many will be watching to see how soon Musk could let former President Donald Trump back on the platform, as he has previously said he would do. Depending on the timing, such a move could have major implications for the upcoming US midterm elections, as well as the 2024 Presidential campaign.
Musk, a prominent and controversial Twitter user, became involved with the company earlier this year when he built up a more than 9% stake in its shares. After announcing he had become Twitter's largest shareholder, Musk accepted and then pulled out of an offer to sit on the company's board. Within weeks of the acquisition agreement, however, Musk began raising concerns about the prevalence of those same fake and spam accounts on Twitter and ultimately attempted to terminate the deal.
Delaware Chancery Court chancellor Kathaleen St. Judge McCormick gave the parties until 5 p.m. on Oct. 28 to close the deal or face a rescheduled trial.With the deal drama out of the way, attention now turns to Musk's plans for Twitter.
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Elon Musk has taken control of Twitter and fired its top executivesElon Musk has completed his US$44 billion deal to buy Twitter, a source familiar with the deal told CNN Thursday. Musk fired CEO Parag Agrawal and two other executives, according to two people familiar with the decision.
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Elon Musk finalizes deal to buy Twitter, starts firing top execs | CBC NewsElon Musk completed his $44 billion US acquisition of Twitter late on Thursday and his first move was to fire the social media company's top leadership which he accused of misleading him over the number of spam accounts on the platform.
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