Elon Musk takeover Twitter
Elon Musk's Twitter ownership starts with firings, declares the 'bird is freed'
It concludes a saga in which Twitter went to court to hold the world's richest man to the terms of a takeover deal that he had tried to avoid.
Mr. Musk stated that his interest in the platform was not motivated by a desire to make money.
Twitter investor Ross Gerber, who is the CEO of Gerber Kawasaki Investments in California, confirmed the transaction to the BBC.
"I think the court pushed him over the edge," Mr. Gerber said.
"Quite frankly, this has been a disaster from the start, starting off very aggressively courting Twitter in a way that really forced Twitter to the table... then getting all upset and having a public spat over what to me were pretty well-known issues."
According to US media reports, the company's chief executive, Parag Agrawal, chief financial officer, Ned Segal, and top legal and policy executive, Vijaya Gadde, are no longer with the company.
Biz Stone, co-founder of Twitter, thanked Mr Agrawal, Mr Segal, and Ms Gadde for their "collective contribution" to the company.
According to the website of the New York Stock Exchange, the social media platform's shares will be suspended from trading on Friday.
Mr. Musk stated that he purchased the social media platform to benefit humanity and that he wished for "civilization to have a common digital town square."
Earlier this week, Mr. Musk tweeted a video of himself carrying a kitchen sink into Twitter's headquarters in San Francisco, with the caption: "let that sink in!"
He also changed his Twitter handle to "Chief Twit."
BBC.com reports.
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