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Elon Musk lastly owns Twitter


A month-long saga has lastly come to an finish: Elon Musk owns Twitter.

The settlement was reached on Thursday night, in keeping with CNBC. CEO Parag Agrawal, Chief Monetary Officer Ned Segal and Head of Authorized, Coverage and Safety Vijaya Gadde have been fired, in keeping with the Washington Publish. Twitter and representatives for Musk didn't instantly reply to a request for remark from BuzzFeed Information.

The drama started in early April, when Musk purchased a 9.2% stake within the firm, making him Twitter's largest shareholder. He was provided a seat on the board, which happy former Twitter CEO Jack Dorsey. Days later, Musk declined the board seat and made a suggestion to purchase the complete firm for $44 billion.

However Musk quickly confirmed indicators of purchaser's regret, attempting to again out of the deal by claiming Twitter had extra bots than he let on. In July, Twitter filed a lawsuit forcing Musk to make the acquisition or pay the $1 billion breakout payment. The events have been capable of resolve the problems earlier than having to look within the Delaware Chancery court docket, however not earlier than a sequence of Musk's texts together with Agrawal and numerous different influential folks have been launched as a part of the trial.

Twitter workers weren't thrilled with the brand new boss. After a report emerged that Musk deliberate to put off as much as 75% of the workforce, Twitter workers wrote a open letter demanding truthful therapy underneath the brand new regime.

On Wednesday, the daddy of (a minimum of) eight kids walked into the Twitter workplace in San Francisco carrying a porcelain sink. “Enter the Twitter headquarters – let him in!” Musk tweeted.

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