Elon Musk Takes Over Twitter, Fires CEO – Mothership.SG

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Elon Musk has officially completed its US$44 billion (S$62 billion) acquisition of Twitter, immediately firing several executives, including CEO Parag Agrawal.

Reuters Citing unnamed sources, Musk reported that it had fired Agrawal, Chief Financial Officer Ned Segal and Legal and Policy Officer Vijaya Gadde upon the completion of the transaction.

Agrawal and Segal were escorted at Twitter headquarters when the acquisition was completed. Reuters also reported.

The dismissal of Sean Edgett, General Counsel, new york times When washington post.

Musk has previously accused company management of misleading him about the number of spam accounts on the platform.

A Delaware judge had threatened to schedule a trial if an agreement to finalize the purchase was not reached by the Oct. 28 deadline.

Target advertiser

In a Twitter post addressed to advertisers, Musk wrote that he was buying the company to help humanity and didn’t want it to become “anybody’s hell”.

“The reason I bought Twitter is because it is important for the future of civilization to have a common digital town square where a wide range of beliefs can be discussed in a healthy way without resorting to violence,” he wrote in an unusually long sentence. I wrote it in a tweet.

There were concerns that Musk’s acquisition of the social media platform would make it more toxic online and alienate users.

Musk told advertisers Twitter should “welcome everyone”.

Dear Twitter Advertiser, pic.twitter.com/GMwHmInPAS

— Elon Musk (@elonmusk) October 27, 2022

This is what he wrote:

I wanted to reach out personally and share my motivations for acquiring Twitter. There’s a lot of speculation about why I bought Twitter and what I think about advertising. Most of them are wrong.

The reason I got Twitter is because it is important to the future of civilization to have a common digital town square where a wide range of beliefs can be debated in a healthy way without resorting to violence. There is a great danger of splitting into echo chambers, creating more hate, and dividing our society.

Much of traditional media has fueled and responded to polarized extremes in a relentless pursuit of clicks. Because they believe it brings in money. But in doing so, we lose the opportunity for dialogue.

So I bought Twitter. I didn’t do it to make more money. I did it to help my beloved humanity. And we do this with humility, recognizing that, despite our best efforts, it is very likely that we will not achieve this goal.

That said, it’s clear that Twitter can’t be a free-for-all hell with no consequences. In addition to complying with national laws, our platform should be warm and welcoming, allowing you to choose the experience you want according to your preferences, such as watching movies or playing video games. it won’t work. All ages to adults.

I also strongly believe that advertising, if done right, can please, entertain and inform you. We can point you to a service, product, or treatment that you didn’t know existed but is perfect for you. To achieve this, it is essential that we display ads that are as relevant as possible to the needs of Twitter users. Unrelevant ads are spam, but relevant ads are actually content!

Fundamentally, Twitter aims to be the world’s most respected advertising platform that strengthens brands and grows businesses. Thank you to everyone who has partnered with us. Let’s create something special together.

via top photo Ted