Elon Musk completes the purchase of Twitter and will take over as CEO
Elon Musk has finalized the $44 billion acquisition of Twitter.
The Tesla CEO tweeted "The bird is freed" to mark the achievement. Earlier, he had stated that he was buying Twitter for the benefit of humanity.
According to reports, Musk also intends to take over as CEO of Twitter after dismissing Parag Agrawal and other senior corporate officials.
According to the sources, the billionaire is anticipated to continue serving as CEO in the short term but may eventually relinquish the position in the long run.
Due to his opposition to everlasting bans, Musk also plans to do away with user permanent bans. That suggests that users who have been kicked from the platform in the past, like former US President Donald Trump, would now be welcomed back.
Elon Musk's comments
Yesterday, when Elon Musk posted a letter on his Twitter profile explaining why he is buying Twitter and outlining his plans for the firm following the acquisition, he gave the first indication that the sale will be finalized. The message read:
"I bought Twitter because I believe it is crucial for society to have a shared digital town square where a variety of viewpoints can be discussed civilly and without using force. Social media is currently in significant danger of fragmenting into echo chambers for the far right and far left, which would spread more hate and split our society.
Many traditional media outlets have fueled and catered to those polarized extremes in the continuous search of clicks, believing that this is what brings in the money, but in doing so, the chance for discourse is lost." I also firmly believe that effective advertising may thrill, amuse, and inform you; it can introduce you to a service, good, or medical procedure that you didn't know existed but that is ideal for you. Showing Twitter users advertising that is as pertinent to their requirements as feasible is necessary for this to be true. High relevancy advertising contain content, and low relevancy ads are spam.