Tesla CEO Elon Musk fired several top Twitter executives after officially taking control of the company on Thursday night. He immediately added that he was not going to lay off 75% of employees.
Twitter CEO Parag Agrawal, CFO Ned Segal and Vijaya Gadde, head of Legal Policy, Trust and Security, have all been fired, FOX Business reported, citing verified whistleblowers. Musk accused all three of misleading him and investors due to the number of fake accounts on the platform.
The move comes after Musk closed his $44 billion deal to buy Twitter, ending a months-long story that began in April. Musk pulled out of the deal in July, accusing the company of not providing enough information about bot accounts.
A legal battle followed, culminating in a Delaware judge ordering both parties to close the deal by October 28. Earlier this month, Musk offered to implement his original $44 billion offer to buy Twitter. Twitter management agreed.
On Wednesday, Musk walked into the company’s San Francisco headquarters with a china sink, changed his Twitter profile to Chief Twit.
On Thursday, Musk said he was buying the platform to help humanity and that he didn’t want it to turn into a “free hell.”
The reason I purchased Twitter is that it is important for the future of civilization to have a shared digital city square where a wide range of beliefs can be discussed in a healthy, non-violent manner. There is currently a great danger that social networks will split into far right and far left echo chambers that breed even more hatred and divide our society.