Elon Musk Twitter Deal: 7 Things you need to know
About the Deal
The Tesla boss first proposed buying the social media company in March 2022, but after some disagreement, the deal appears to be at the end of the road. He completed his $44 billion acquisition of Twitter Inc late Thursday, 27th October 2022.
Chief Twit
Musk has also indicated that he is the new Chief of Twitter in a post on the platform.
First Post
The first post includes a video of him entering Twitter headquarters with a toilet sink, later captioned "let him sink."
First Step
Elon Musk fired CEO Parag Agrawal, CFO Ned Segal and legal affairs and policy Chief Vijaya Gadde. Top leaders were asked to leave because they allegedly misled Musk about fake accounts on Twitter.
New Vision
The following post contains a letter to advertisers outlining their vision for the company. In the letter, he said he bought Twitter to "help humanity." In the note, he promised that Twitter would not be free and that the platform is not a "hell of all against all, where you can say anything without consequences."
New Experience
Musk also says he wants Twitter to be warm and welcoming for everyone, where you can choose the experience you're looking for.
What's Next
The Bloomberg report notes that Musk plans to cut the workforce, but not by 75 percent.