Elon Musk, the owner of Tesla and SpaceX, is now in charge of Twitter. The current CEO Parag Agrawal and CFO Ned Segal have been fired, much like with his takeover.
After months of legal fighting between the richest man in the world, Elon Musk, he has finalized his $44 billion plan to take Twitter private. As a result, this is one of the most publicized and dramatic buyout stories in recent times.
Both Parag Agrawal, Twitter’s former CEO, and Ned Segal, its former CFO, have left the firm as the billionaire entrepreneur has taken over Twitter.
The takeover of Elon Musk is not a new news. In recent months, Musk made an initial offer to purchase Twitter in April before he later changed his mind and attempted to withdraw the offer in May. Then, on October 4th, he reconsidered his decision again and decided to buy Twitter.
While employees await further communication from Musk, the reality of the acquisition is beginning to sink in. Considering that he intended to lay off around 75% of Twitter’s 7,500 employees, leaving just over 2,000 employees to run the remaining operations.
Elon Musk recently sent out a tweet that was directed at twitter’s advertisers.
Musk also updated his Twitter description to “Chief Twit.”
