Advertisement
Tech NewsTechnology

Elon Musk officially bought Twitter

Elon Musk is now the new owner of Twitter, after months of complicated events that said he was ready to buy Twitter on the terms of the original agreement at the beginning of October. 

Elon Musk is now the new owner of Twitter, after months of complicated events  that said he was ready to buy Twitter on the terms of the original agreement at the beginning of October .

Advertisement

Musk secretly signed the deal on Thursday night, removing some top executives from the process, including the company’s CEO, Parag Agrawal. Elon Musk has reportedly fired Vijaya Gadde, Head of Legal, Policy and Trust, and General Counsel Sean Edgett. There are also rumors that there will be other layoffs at the company. So, our Twitter and Elon Musk news is not over yet.

Elon Musk also made some statements on the subject.

 

 

 

Advertisement

Let’s briefly recall what happened in this regard. It was claimed that Elon Musk, who sat on the table for $ 43 billion in April, bought Twitter for $ 44 billion. Shortly after the news of reaching this agreement, Elon Musk announced that the Twitter agreement was temporarily suspended due to anticipated details on the calculation that spam and fake accounts accounted for less than 5 percent of total users . In early June, Elon Musk  began threatening Twitter to abandon the deal . The reason for this was again fake users on the platform. Twitter passed all data to Elon Musk regarding fake accounts  . 

However, despite all this grueling process and speculation about fake accounts, Elon Musk  gave up on buying  Twitter and Twitter  sued Musk . Finally, most of Twitter’s shareholders gave consent to accept the $44 billion deal that Elon Musk is currently trying to get rid of  . Twitter asked its shareholders to approve Musk’s proposal in June, and this was stated as a step that would pave the way for the realization of the deal.

Despite all this, Elon Musk bought Twitter and a new process started for both the social media giant and us.

Advertisement

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button