Economy

Elon Musk took control of Twitter and fired executives



Elon Musk, boss of Tesla and the richest man in the world, took control of Twitter on Thursday (October 27th) after completing the acquisition of the social network for 44 billion dollars, opening an uncertain new chapter for the platform at the heart of the political and media life of the United States and many countries.

“The bird is free”he tweeted in reference to the nickname of the social network (the blue bird).

Dismissal of the boss and two other leaders

After months of a twist and turn saga, the new boss immediately fired boss Parag Agrawal and two other executives, chief financial officer Ned Segal and chief legal officer Vijaya Gadde, according to unnamed CNBC and Washington sources. Post.

Thursday evening, when the layoffs were announced in the media, several employees of the Californian group showed their support for the former management. “Thank you to Parag Agrawl, Vijaya Gadde and Ned Segal for their collective contribution to Twitter”wrote Biz Stone, co-founder of the network, welcoming their “tremendous talent” and their “humanity”.

Elon Musk had until Friday to complete the acquisition of the social network, failing which a trial would have taken place in November.

A large proportion of Twitter employees are worried

The operation has dragged on since the announcement at the end of April of a $44 billion acquisition offer, reluctantly accepted by Twitter. The entrepreneur sought to get out of it unilaterally in early July, accusing the company of having lied to him, but the company’s board of directors took legal action.

At the beginning of the month, a few days before the opening of a lawsuit that Twitter seemed on track to win, Elon Musk finally offered to close the transaction at the price initially agreed. On Wednesday, he visited Twitter’s headquarters in San Francisco and rebranded himself “Chief Twitter” on his profile – “twit” meaning ” dumbass “ in English.

Its takeover worries a large part of Twitter employees, and many users and NGOs who call on social networks to better fight against abuse, from harassment to misinformation.

Relax content moderation

Because the multibillionaire, presenting himself as an ardent defender of freedom of expression, wants to relax the moderation of content. It opened the door to a return for Donald Trump, who was ousted from Twitter shortly after supporting his supporters who took part in the storming of the Capitol in January 2021.

But advertisers generally prefer to back their ads with consensual content. Thursday, Elon Musk tried to reassure them by saying he wanted to allow all opinions to be expressed on the social network, without making it a platform. “hellish” where everything would be allowed. He also assures that he did not initiate the buyout because it was ” easy “ Where “to make money”but for “trying to help humanity”.



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