Elon Musk’s takeover of Twitter
Elon Musk’s takeover of Twitter began on April 14, 2022, and was completed on October 27, 2022. Elon Musk, a business billionaire, began purchasing shares of Twitter, Inc. in January 2022, eventually becoming the company’s top shareholder in April with a 9.1 percent ownership position.
Following criticism of its $19.99 proposal, Musk said Twitter will charge $8 per month for account verification. Elon Musk has responded to criticism over his idea to charge Twitter users $19.99 per month to establish or keep a verified account.
Elon Musk, the new owner of the microblogging service Twitter, is an American businessman and billionaire who has begun to make significant changes since taking over the firm. Elon Musk is considering charging fees for using blue ticks. A lot of memes are being shared on Twitter about this.
Elon Musk buys Twitter and removes key executives
Elon Musk officially became the owner of Twitter late Thursday when his $44 billion deal to buy the firm closed, ushering in a new era for one of the world’s most powerful social media networks.
According to three people familiar with the situation who spoke on the condition of anonymity to discuss sensitive subjects, one of his first steps was to remove some veteran top Twitter officials. One of them confirmed the transaction was complete.
According to the sources, chief executive Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, were all let go. According to one of the sources, Sean Edgett, the company’s general counsel, was also let go. The company’s top executives were whisked out of its San Francisco offices in a hurry.
Musk’s actions late Thursday signaled his ambition to firmly stamp his mark on Twitter. Musk has publicly chastised the company’s outgoing management for product decisions and content control, and has stated that he will restore former President Donald Trump’s account.
Nonetheless, “Twitter clearly cannot become a free-for-all hellscape where anything can be spoken with no consequences!” Musk tweeted Thursday in an attempt to reassure advertisers.
He tweeted late in the evening, “the bird is freed”.