Elon Musk Officially Takeover Twitter for $44 Billion, Fires CEO and CFO
Agrawal and Segal were in the company headquarters in San Francisco when the deal closed, they were escorted out of the company.
Elon Musk, the CEO of Tesla and SpaceX has officially completed the acquisition of the social media platform Twitter, Musk started his tenure at the company by firing the top managers.
According to Reuters Elon Musk fired the CEO of Twitter, Parag Agrawal, CFO Ned Segal, and Vijaya Gadde the head of legal and policy, he accused them of misleading him and investors over the number of spam accounts on the social media platform.
Agrawal and Segal were in the company headquarters in San Francisco when the deal closed, they were escorted out of the company.
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
The billionaire had until Oct. 28 to complete his $44 billion acquisition of the social media platform or get sued to complete the company’s purchase.
In an open letter to Twitter advertisers Elon Musk gave a details explanation for buying Twitter.
Dear Twitter Advertisers pic.twitter.com/GMwHmInPAS
— Elon Musk (@elonmusk) October 27, 2022
Twitter shares ended trade on Thursday in New York up 0.3% at $53.86, Twitter stock will be delisted from the New York Stock Exchange on Friday.
