Home Technology Twitter Is Owned By Elon Musk This Is The Story So Far

Twitter Is Owned By Elon Musk This Is The Story So Far


Twitter elon Good morning, Elon Musk is the owner of Twitter. It was inevitable (except for the part in which Elon fought it tooth-and-nine), but it is now. twitter elon Let’s get you caught up on the whirlwind of the new “Chief Twit” ascension.

Elon Musk visited Twitter headquarters on the eve before the official close of the deal. Elon Musk made a humorous visual pun about the phrase “let it sink in” by carrying a sink to Twitter HQ and having Twitter literally let him and that sink into it.

Twitter elon: Musk Is Known For His Whimsical Chaos Energy, And This Is A Natural Trait

twitter elon

Following reports that some advertisers may boycott Twitter if Donald Trump lifts his permanent ban, Muskie posted an extended message to advertisers explaining his logic. He said, “I did it in order to help humanity, whomever I love,” and ended by reassuring them that it wouldn’t be a “free-for-all hellscape.”

3. Twitter elon closes the deal

Elon doesn’t reveal the deal closing at 4:20 PM PST. Instead, the news trickles out first, then hits like a wave of near simultaneous reports across all major outlets Thursday at 6 PM PST.

He beat Kathaleen McCormick of Delaware Chancery Court, who had set a deadline for him today, October 28. The court case in which Elon tried to negotiate out of the deal, in which he raised multiple defenses to try to escape his $44 billion commitment — was the reason that the deadline came to an end.

4. Elon fires leadership

  • Musk didn’t waste any time clearing the house once he got in. He fired Parag Agrawal, CEO, and CFO Ned Segal, and General Counsel Sean Edgett, and Head of Legal, Trust and Safety Vijaya Gadde all at once.
  • It was clear that Musk and Agrawal were not in love. Musk had been previously criticized for criticizing Gadde, which essentially made her the target of his sycophantic trolling army. He probably wasn’t too happy about the bit of litigation that the deal was able to avoid.
  • Early reports suggested that Elon may want to become Twitter’s next chief executive. His LinkedIn profile currently has a CEO title. According to reports, he will be in the top spot.
  • He does appear to be taking that temporary action until he decides who should take the seat. Perhaps one of his cronies, who was cosying up to him during the Twitter litigation discovery process, will be given the nod.
  • Official: Twitter will be delisted from the New York Stock Exchange starting November 8. This will officially end Twitter’s tenure as a public company. It began in November 2013 with its IPO.
  • Musk plans to take it private through his financing vehicle X Holdings I, Inc., which is now the sole owner of the entire company.
  • Elon’s first tweet acknowledging his new toy on Twitter was a simple “the bird has been freed” message. This was quickly retweeted by Thierry Breton (ECIM Commissioner), who replied with a reminder that freedom doesn’t come free.
  • Breton met Musk previously in person. He even recorded a video where he said that he had explained to Musk the EU’s Digital Services Act. Musk then basically stated that he is aligned with everything in it.

5. Elon talks to some trolls

Musk hasn’t spoken much about the Twitter takeover, but he did respond to some users who complained about platform censorship. One user, “catturd2”, claims that he is shadowbanned. He tweets COVID misinformation. Canada Proud is a right-wing propagandist organization that targets Canadian PM Justin Trudeau.

Musk’s first major leadership decision appears to have been to establish a content moderation council. This council will decide who is banned from the platform and what — much like Facebook’s Oversight Board.

Twitter already has a trust-and safety council, which acts as an advisory body. However, this large group seems to be more involved in product decisions than the Supreme Court, which would make decisions about who tweets and what to tweet in case of controversy.

This is the end of the story. But there will be more. This post will be updated as new information becomes available throughout the day.

Elon is currently in product development mode. He’s reworking details of the Blue subscription and floating some perks such as verification, fewer ads, and more for $8 per Month.

Stephen King told him that the $20 per month service that his company had been working on, which included verification status, was not feasible.

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