Elon Musk Closes Twitter Deal and Then Fires CEO and CFO

Elon Musk Closes Twitter Deal and Then Fires CEO and CFO

Elon Musk completed his takeover of Twitter and then, immediately fired the CEO and CFO of the company, according to the Wall Street Journal.

 

Musk first agreed to buy Twitter in April for $44 billion, then threatened to walk away from the deal, before reversing course again this month and committing to see through the acquisition.

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Musk — the richest man in the world —  also owns Tesla Inc., the world’s most-valuable car company, and rocket company Space Exploration Technologies Corp., or SpaceX, among other companies.

 

“Musk’s open approach to speech on Twitter could exacerbate long simmering issues of toxic content and misinformation, affecting political debates around the world. Early tests will come within days, when Brazil elects its president and American voters go to the polls on Nov. 8 for the midterm elections. Twitter said it would prohibit misleading claims about voting and the outcome of elections, but that was before Mr. Musk owned it,” writes the New York Times.