2022-10-29 18:31
Social Media
Alex Lowe

Elon Musk now owns Twitter, having bought it for $44 billion

Elon Musk now owns Twitter, having bought it for $44 billion

__wf_reserved_inherit

As of yesterday (Friday 28th October), Elon Musk completed the takeover of Twitter, which cost him $44 billion. The deal was completed just a few hours before the court-ordered deadline which would have meant the deal would have to be re-negotiated. Elon bought Twitter for $44 billion, changed his Twitter bio to “Chief Twit”, tweeted “the bird is freed” and fired many top executives.

Within hours, Elon Musk had fired Parag Agrawal, who was the CEO for around a year since Jack Dorsey stepped down last year. He also fired the CFO, Ned Segal and the head of legal policy, trust, and safety Vijaya Gadde.

Elon has also announced that a new council is to be drawn up to help moderate posts and decide whether or not any users should be reinstated after being banned.

As of writing, Parag Agrawal still has “ceo @twitter” on his Twitter profile.
 

Alex Lowe

Elon Musk now owns Twitter, having bought it for $44 billion

Alex Lowe is the owner and editor of the interface and started the website in 2013. He publishes the majority of the content on the website, hosts the three podcasts and the runs the YouTube channels. Alex has a professional background in computer networking, FWA and WiFi.

Other Posts

Likes on X are now kinda private for everyone
X has now made likes private for nearly everyone, post authors can still see who liked their posts
Twitter now supports larger images in the timeline
Twitter makes changes to how larger images are displayed in the timeline
Facebook, Instagram and Threads down worldwide
Meta is experiencing some technical issues today, affecting Facebook, Instagram and Threads
For the first time, Twitter raises the price of its ‘Blue’ subscription
Twitter Blue subscription, which adds edit capability goes up from $2.99 to $4.99