The long battled acquisition of Twitter is finally completed, with Elon Musk taking charge a day before the supposed deadline.
Musk said heโd open-source the Twitter code to let the public know how the platform shows its recommendations, reduce or even remove the spam bots completely, and also fire some employees. He has already fired some top executives, including the CEO.
Elon Muskโs Twitter Acquisition
If youโre following the acquisition case between Elon Musk and Twitter since its inception, youโd know how twisted it had been. Well, after all the arguments, accusations, and court proceedings, Musk has finally taken over Twitter for the said $44 billion.
And the first thing he did was to fire the companyโs top executives, including the CEO Parag Agarwal and Chief Financial Officer Ned Segal, Twitterโs top policy official Vijaya Gadde, and its general counsel Sean Edgett.
Musk walked into the Twitter HQ in San Francisco on Thursday and met with the employees. He reportedly brought his Tesla engineers too to assess Twitterโs code. Musk pledged to eradicate the spam bots on Twitter and open-source its algorithm to let the people know how its recommendations work while not making the platform a โfree-for-all hellscape.โ
Entering Twitter HQ โ let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
Musk also said to loosen the content moderation tools and dislikes permanent ban. Thus, we can expect Donald Trumpโs account to be reinstated soon. He confirmed cutting jobs but assured that it wouldnโt be as high as 75% of the total staff.
Wishing Twitter should be the โmost respected advertising platform in the world,โ Musk changed his Twitter bio to โChief Twitโ and revealed to make the platform an everything app โ similar to WeChat in China, which serves not just as a messaging service but also includes social media, payment, and others.
He earlier stated his ideas for increasing the non-advertising revenue of Twitter, like charging companies for embedding their tweets and Twitter Blue features.