Elon Musk now in charge of Twitter, CEO and CFO have left
After months of waffling, lawsuits, verbal mudslinging and the near miss of a full-blown trial, Elon Musk now owns Twitter.
27/10/2022, Mr. Musk closed his $44 billion deal to buy the social media service, said three people with knowledge of the situation. He also began cleaning house, with at least four top Twitter executives — including the chief executive and chief financial officer — getting fired on Thursday. Mr. Musk had arrived at Twitter's San Francisco headquarters on Wednesday and met with engineers and ad executives.
Cryptocurrency exchange Binance, one of the original backers, confirmed to CNBC on Friday that it is an equity investor in Musk’s Twitter takeover.
"We're excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology," Binance CEO Changpeng Zhao said in a statement.
Web3 is a term the technology industry uses to refer to the next generation of the internet.
27/10/2022, Musk wrote a message intended to reassure advertisers that social messaging services wouldn’t devolve into "a free-for-all hellscape, where anything can be said with no consequences!"
"The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence," Musk said in the message. "There is currently great danger that social media will splinter into far-right wing and far left-wing echo chambers that generate more hate and divide our society."
Musk arrived at Twitter headquarters earlier this week carrying a sink, and documented the event on Twitter, saying "Entering Twitter HQ – let that sink in!"
Musk also updated his Twitter description to "Chief Twit."
A few days later, GM Suspends Advertising On Twitter — At Least Temporarily
Automakers are lining up in explicit disapproval of Musk’s new ownership philosophy where "free speech" reigns supreme, and they aren’t the only ones.
Post time: Nov-15-2022