The new owner of Twitter is Elon Musk, who is already firing top executives and not providing many details. It is clear that the ideas outlined by Elon musk are ambitious, and his plans to achieve those ambitions.
Elon musk buys Twitter and says that Twitter is a digital town square. Elon musk wants the platform to allow free voice and resolve spam account issues.
Elon Musk is against hate, and he’s not the only one. Tesla Inc. CEO and self-described free speech absolutist Elon Musk have also said he wants to prevent the platform from becoming a mere echo chamber where hate and division can grow unchecked.
4 Top Twitter executives were fired on Thursday as part of Elon Musk’s first move after becoming Twitter’s owner, according to sources.
Earlier this week, Insider published a video that showed Elon Musk entering the entrance to the Tesla headquarters, meeting with employees, and getting into spontaneous conversations.
In May of this year, Elon Musk tweeted a poop emoji to the CEO of Twitter, Agrawal, in response to a thread by the CEO that asked if it was possible to the spam identification accounts on the platform.
Twitter terminated four top executives: CEO Parag Agrawal, CFO Ned Segal, general counsel Vijaya Gadde and security chief Sean Edgett.
Temporarily stepping into the CEO role was a challenge for Agrawal, who is known as an associative leader.
Twitter’s lawyer gave Musk the option of choosing a court case or finalizing the deal with Twitter but he chose neither. Instead, on October 4th, Musk did another u-turn and finalized a Twitter purchase just one day before his deadline.
Elon Musk Bought Twitter On April 4
It started on April 4, when Elon Musk announced his 9.2% Twitter stake in Tesla, becoming their largest shareholder.
Elon Musk has offered to buy Twitter shares for $54 per share. The twitter owners think that this was just another musk’s joke.
After a few weeks had passed, Musk expressed his regret in a Tweet. “I used to love Twitter. Now I can’t stand it,” he wrote. He also accused Twitter of not complying with his requests for information about their spam accounts which might be in violation of their user agreements.
Twitter’s arguments have the best chance of winning in court, legal analysts said.
Parag Agrawal fires from Twitter
After co-founder Jack Dorsey unexpectedly resigned, CEO Keith Agrawal was named the new leader.
The CEO of Twitter took over from founder Jack Dorsey last year, following his departure in 2015. Agrawal, who moved to the US in 2005 and served as Chief technology officer (CTO), will be the one steering Twitter in years to come.
Elon Musk’s plan for Twitter
Elon Musk’s goal is to stop spam bots on Twitter and make the algorithms that determine how content is presented publicly available.
People have voiced their frustration and uncertainty with Musk’s plans. For example, he has said he plans to lay off employees in upcoming rounds of restructuring. This leaves Twitter’s 7,500+ employees unsure about the company’s future.
Twitter is developing an increasing problem with its most active users. These “heavy tweeters” only make up about 10% of monthly active users, but account for 90% of all tweets and half of global revenue.