$44bn Deal: Musk fires Twitter CEO, CFO, others, says ‘the bird is freed’

*American billionaire businessman Elon Musk fires the top-level Executives of the global tech giant, and clarifies Twitter ‘is important to the future of civilisation to have a common digital town square where a wide range of beliefs can be debated … without resorting to violence’

Gbenga Kayode | ConsumerConnect

World’s richest man and American billionaire businessman Elon Musk as begun his reign as the new owner of global technology giant Twitter and microblogging site.

Musk, on Friday, October 28, 2022, after sealing the $44billion Twitter acquisition deal in the United States (US).

Friday, actually marked Musk’s Day 1 in office, and he started firing some of Twitter’s top brass in what could be suggested as a clear message to the upper echelons of the microblogging platform — either toe his line or leave the company.

ConsumerConnect further checks confirmed the Tesla and SpaceX Chief Executive, Friday, sacked Parag Agrawal, the Indian-origin Chief Executive Officer (CEO); Vijaya Gadde, Head of Legal, Policy and Trust, as well as Ned Segal, Chief Financial Officer (CFO), who joined Twitter in 2017.

Others whom Musk on the first day after taking 9ver the tech firm are Sean Edgett, who had been Twitter’s General Counsel since 2012; and Sarah Personette, the Chief Customer Officer

Earlier same day, shortly after sealing the Twitter acquisition deal, the billionaire businessman had tweeted: “The bird is freed.”

Recall that following several months of anticipation, social media accusations, courtroom showdowns, postponed depositions, and Securities and Exchange Commission (SEC) filings, Musk finally closed tens of billions of Dollar deal to acquire Twitter Friday.

Therefore, with Twitter in his kitty, the world’s richest man now owns three of the world’s biggest companies —Tesla, SpaceX and Twitter. While the deal closure brought some cheer to Musk’s aides, it was not the same for some top-level Twitter executives, including CEO Parag Agarwal, who were instantly shown the door, agency report said.

Who becomes interim  Twitter CEO?

Meanwhile, Musk would replace former CEO Agrawal and assume the role of interim Chief Executive of the company till he will have found a successor,  Bloomberg.

While sending a note to Twitter’s advertisers Thursday, Musk had written that “there has been much speculation about why I bought Twitter and what I think about advertising. Most of it has been wrong.”

He, however, stated: “The reason I acquired Twitter is that it is important to the future of civilisation to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.”

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