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Friday, January 27, 2023

Elon Musk fires Twitter company shutdown day after takeover

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Elon Musk’s $44 Billion Twitter Acquisition Is Official. A day after the takeover, the billionaire immediately fired four members of Twitter’s company top, The New York Times reports.

Musk fired Twitter CEO Parag Agrawal immediately after the acquisition was completed. In addition, at least three members of the company’s top lost their jobs: financial chief Ned Segal, the highest legal boss Vijaya Gadde and general adviser Sean Edgett. The New York Times reports that at least one of these members was physically evicted from Twitter’s headquarters by security.

Yesterday, Musk shared a statement on Twitter to reassure advertisers and company employees, because it had previously come out that he wanted to lay off three-quarters of the staff. Upon entering, he is said to have addressed many of the staff to say that the rumor is not true.

About his general rationale for taking over the company, Musk says, ” I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to help humanity, whom I love. love.”

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