Season 1 of the Twitter soap opera is over. Elon Musk now owns the network.
After months of reversals, Twitter has just been officially bought by Elon Musk for the modest sum of 44 billion dollars. That is, the amount agreed upon last April.
“The bird is free,” said the billionaire on his new network. On the sidelines of this acquisition, more than one bird has been “released”. According to the Reuters news agency, three executives were fired directly after the takeover: Parag Agrawal (CEO), Ned Segal (financial director), and Vijaya Gadde (head of legal affairs). Parag Agrawal and Ned Segal, both present at the headquarters for the formalization, were even asked to leave the building.
In parallel, it seems that the projects of the whimsical billionaire are numerous. Take Twitter out of the stock market, relax content moderation, increase advertising… The picture depicted is not reassuring—neither the investors nor the employees.
A few days ago, the Washington Post also revealed that Elon Musk intended to lay off 75% of employees. If the businessman denies the figures, some employees prefer to leave rather than verify the statements of their new boss. More than 700 of them have already left the ship.