Oliver Haslam on October 29, 2022, 1:41 pm

Elon Musk’s $44 Billion Twitter Buy Is Now Complete, Fires CEO On Day 1

After a protracted saga that at one point saw him try to pull out of the deal, Elon Musk has now officially bought Twitter.

The deal needed to be done by Friday otherwise Musk would have found himself in court.

The new was confirmed via numerous news outlets which also followed that up with another story — Musk’s first job as Twitter owner was to fire existing CEO Parag Agrawal. CFO Ned Segal and Vijaya Gadde, the company’s policy chief are both also now out of work, The Verge reports.

Musk has been trying to buy Twitter since April, when he offered to buy it for what at the time seemed like a joke to some. He later decided against the purchase in May, saying that Twitter was lying about the number of spam accounts on the social network. But as of earlier this month, he changed his mind all over again.

What will happen now is anyone’s guess. Musk has already sought to court advertisers in a post confirming he will also look to allow more speech on the platform. It isn’t yet clear how that will be squared away with advertisers’ wanting to make sure their brands aren’t shown alongside objectionable tweets, however.

For now, the day-to-day Twitter we all use doesn’t seem likely to change. But Musk is likely to change some things in the longer term and has already said that lifetime bans from Twiter won’t be something handed out, apparently no matter what people get up to.