Elon Musk officially takes over Twitter.

Elon Musk's acquisition of Twitter has been finalized, giving the world's richest man control over one of the most significant social media platforms and raising expectations for significant changes to content moderation.

The takeover, which came after months of legal jostling, gives Musk a chance to overhaul the platform in a quest to make it profitable and less censorious — including, possibly, by allowing former President Donald Trump back on the platform.

Musk has taken over the company as of Thursday night, sources told the Washington Post. Multiple leading executives have been fired, including Twitter CEO Parag Agrawal, Chief Financial Officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety. Gadde reportedly played a central role in the decision to ban Trump.

Twitter employees have expressed their displeasure about Musk's acquisition and its implications for the company. At least 300 employees have left the company since the initial offer, and more are expected to do so after the deal is done. Early rumors arose implying that Musk would lay off at least 75% of the staff, but Musk and Twitter said they were not true.

Musk also updated his Twitter description to “Chief Twit.”

Source: www.washingtonexaminer.com


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