Elon Musk closed out the $44 billion deal to acquire San Francisco-based social media giant Twitter Thursday evening and immediately cleaned out the C-suite, firing CEO Parag Agrawal and CFO Ned Segal, according to published reports.
SAN FRANCISCO -- AP sources wouldn't say if all the paperwork for the deal, originally valued at $44 billion, had been signed or if the deal has closed. However, they confirmed Musk was in charge of the social media platform and has fired Agrawal, Segal and General Counsel Vijaya Gadde. Neither source wanted to be identified because of the sensitive nature of the deal.
Although they came quickly, the major personnel moves had been widely expected and almost certainly are the first of many major changes the mercurial Tesla CEO will make. Earlier Thursday, Musk attempted to calm advertisers by saying that he is buying the platform to help humanity and doesn't want it to become a"free-for-all hellscape."
He continued:"There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society."
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