Elon Musk Begins Purge of Twitter’s Top Brass
(UnitedVoice.com) – Twitter finally belongs to Elon Musk. After months of back and forth, a lawsuit, and lots of drama, the deal closed for the purchase of the social media platform. The billionaire promised to make major changes at the company when he took over. He said his goal was to make it a safe haven for speech.
Now that the sale has gone through, Musk has already started making good on his promise.
On Thursday, October 27, Musk and Twitter finalized the purchase, and Musk officially took control. Multiple reports indicated the new social media platform owner immediately fired the head of legal, policy, and trust, Vijaya Gadde, CEO Parag Agrawal, and CFO Ned Segal. Fortune reported the company might have to pay severance packages totaling $122 million. A May SEC filing shows the details of each executive’s severance package based on their salaries and other factors.
On Friday, Twitter notified the New York Stock Exchange that it would no longer be listing its shares. The Exchange will delist the company on November 8, according to a new filing with the US Securities and Exchange Commission. Musk’s subsidiary X Holdings II, Inc. now owns all of the stock for the platform. It’s unclear what direction the billionaire plans to take the company, but reports indicate his investors will likely begin pressuring him to optimize company profits.
Musk’s completion of the platform acquisition thrilled Conservatives. They have long complained of allegedly unfair treatment by social media companies. The billionaire previously indicated he would make the social media platform more friendly to all opinions. In May, Musk told the Financial Times he would reverse former President Donald Trump’s ban.
The Right celebrated the takeover.
These smug activist pricks at Twitter have been gleefully banning, censoring and terminating us for two years. So is it reasonable to ask us to feel sorry now that they are being terminated? No it’s not. I’m doing my best to control my glee but that’s as far as I’ll go @elonmusk
— Dinesh D'Souza (@DineshDSouza) October 28, 2022
Liberals, however, weren’t feeling quite the same way. Claire McCaskill, a former US senator, declared she would leave the platform if Musk starts allowing “misinformation” to thrive.
Re: the future of Twitter. I can tell that many have already bailed. I am going to take a “wait and see” attitude. Seems fair. But if he allows massive misinformation to thrive here….I’m gone. @elonmusk @jack
— Claire McCaskill (@clairecmc) October 28, 2022
A “deleting Twitter” search turned up dozens of people declaring that they planned to drop the social media platform. The blue checkmarks were largely not among those who were making the promise. Nonetheless, Lifehacker was kind enough to instruct anyone who suddenly decided they no longer wanted to be part of the network.
If deleting your Twitter account is now on your weekend to-do list.https://t.co/p29b6sNXXJ
— Lifehacker (@lifehacker) October 28, 2022
Do you intend to keep your Twitter account?
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