Elon Musk Finally Takes Over Twitter, Fires Top Executives | The Daily Caller

The deal, initially agreed upon in April, takes Twitter private at $54.20 per share, a roughly $44 billion transaction that the tech mogul has previously attempted to escape over claims that he was misled about the number of spam or “bot” accounts on the platform. As one of his first moves, Musk reportedly fired several top executives, including CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, The Washington Post reported. RELATED: Elon Musk Plans To Give Pink Slip To 75% Of Twitter Employees: REPORT)

Musk has also reportedly told investors supporting his bid to purchase the company that he intends to lay off roughly 75% of the tech giant’s staff, cutting the company to just 2,000 workers, The Washington Post reported. Musk has publicly commented that he believes the company is overstaffed, but former Twitter employees and tech analysts have criticized the move as being too drastic, potentially exposing the company to security and moderation issues.

Elon Musk Finally Takes Over Twitter, Fires Top Executives | The Daily Caller