UPDATE: Twitter CEO & CFO were reportedly escorted out of the company headquarters.
— Watcher.Guru (@WatcherGuru) October 28, 2022
BREAKING: Elon Musk fires Vijaya Gadde, Head of Legal Affairs, who made the decision to ban former President Donald Trump's Twitter account.
— Watcher.Guru (@WatcherGuru) October 28, 2022
Elon Musk fires Twitter’s top brass after closing $44 billion deal: reports.
Tesla CEO Elon Musk has fired several top Twitter executives after officially taking control of the company Thursday evening.
A source with knowledge of the matter told FOX Business that Twitter CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety were fired. Musk had accused the three of misleading him and investors over the number of fake accounts on the platform.
Agrawal, Segal, and Gadde were shuttled from the building after being fired, people familiar with the matter told The Washington Post.
Musk previously said he had plans to cut Twitter’s staffing from about 7,500 to around 2,000 employees, a nearly 75% decrease.
Twitter did not respond to FOX Business’ request for comment.
ELON MUSK ANNOUNCES HE BOUGHT TWITTER IN $44 BILLION DEAL:
Elon Musk is officially Twitter’s new daddy — at least according to Elon Musk — who says he hopes the platform will continue to be a digital town square for years to come.
The Tesla/SpaceX boss explained his reasons for the $44 billion purchase Thursday, saying, “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 in our society.” He continues, “In the relentless pursuit of clicks, much of traditional media has fueled and catered to those polarized extremes, as they believe that is what brings in the money, but, in doing so, the opportunity for dialogue is lost.”
He says, “That is why I bought Twitter. I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility.”
h/t Mason Firefly