- Elon fires Twitter CEO right after the acquisition, some sources claimed.
- Agrawal filed a lawsuit to have a takeover agreement’s terms enforced, which the Tesla CEO had tried to avoid.
- The allegations were made public hours before Musk was required by a court-imposed deadline.
- Twitter refuted the allegations.
- After Musk attempted to terminate the sale, Twitter filed a lawsuit to enforce the terms of the agreement.
- By minimizing content policing, Musk is expected to make it simpler for former U.S. President Donald Trump to rejoin the site.
In a move that places one of the leading forums for international dialogue in the hands of the world’s richest man, Elon Musk took control of Twitter and ousted its top executives, according to U.S. media reports late Thursday.
Elon fires Twitter CEO right after the acquisition
Agrawal moved to court to enforce the provisions of a takeover agreement that the Tesla CEO had attempted to elude. The claims surfaced hours before Musk was supposed to finalize his on-again, off-again agreement to buy the social media network, according to a court-appointed deadline.
Musk stated in a tweet on Thursday that he was purchasing Twitter “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.”
The multibillionaire even uploaded a photo of himself mingling at the Twitter offices’ coffee shop. Additionally, before Friday’s session, the New York Stock Exchange announced a pending order to halt trading on Twitter.
Soon after his unsolicited bid was approved in April, Musk tried to back out of the Twitter arrangement. He later announced in July that he was terminating the agreement, claiming that Twitter had deceived him about the amount of false “bot” accounts. Twitter has denied the claims. Twitter responded by attempting to show that Musk was inventing justifications for leaving because he had changed his mind.
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
Twitter launched a lawsuit to enforce the terms of the deal after Musk sought to cancel the sale. The erratic billionaire gave in and resumed his takeover scheme as a trial approached.
By changing his Twitter handle to “Chief Twit” and broadcasting a video of himself entering the company’s California offices while holding a sink, Musk indicated this week that the acquisition was on track.
Musk claimed he was “excited” about the Twitter acquisition during a recent Tesla earnings call. According to a worker who requested anonymity so that they could speak more freely, some employees who would prefer not to work with Musk have already quit.
But some individuals, including myself, are prepared to give Musk the benefit of the doubt, for the time being, the worker remarked of him. As Musk is notorious for teasing other Twitter users, the prospect of Musk owning Twitter has upset activists who worry about an increase in harassment and false information.
While acknowledging that Twitter “cannot become a free-for-all hellscape where anything can be said with no consequences,” Musk said he understands this. It is anticipated that Musk will make it easier for former U.S. president Donald Trump to rejoin the platform by reducing content monitoring to a bare minimum.
The then-president was prohibited out of fear that he might incite additional violence to overturn his electoral defeat, similar to the deadly attack on the Washington, D.C., Capitol.