Apparently, due to the takeover, a good number of top executives including the boss, Parag Agrawal, have reportedly been fired.
The news of the purchase brings an end to a saga in which Twitter went to court to hold the billionaire to the terms of the deal. Musk had apparently tried to escape the deal.
As for the Billionaire, he tweeted that his interest in the firm has nothing to do with making money.
Twitter has not yet confirmed the takeover, but an early investor in the company told reporters the deal had been completed
“I think the court pushed him over the line. Quite frankly, this has sort of been a disaster from the beginning… Starting off very aggressively courting Twitter in a way that really forced Twitter to the table… Then getting all upset and having a public spat over what to me was pretty well known issues,” said Ross Gerber, chief executive of Gerber Kawasaki Investments.
US media reports have shown that Mr Agrawal, the company’s chief executive is no longer part of the company. Together with Mr. Agrawal, Ned Segal, the chief financial officer is also not part of Twitter anymore.
Mr Agrawal and Mr Segal were escorted out of Twitter’s San Francisco headquarters after the deal closed, the Reuters news agency reported.
Earlier this week Mr Musk tweeted a video of himself walking into Twitter’s headquarters in San Francisco carrying a kitchen sink. He captioned the video “let that sink in!”
He also changed his Twitter profile to read “Chief Twit”.
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