Elon Musk assumed control of Twitter Inc. with ruthless efficiency, sacking key executives while offering no explanation of how he plans to realise the goals he has set forth for the significant social media network. He tweeted “The bird is liberated” after completing his $44 billion acquisition on Thursday, making obvious reference to his wish to see Twitter loosen its restrictions on what may be written.
However, the self-described free speech zealot and CEO of Tesla Inc. has stated that he wants to stop the platform from turning into an echo chamber for hatred and division. Other objectives include trying to “fight” spam bots on Twitter and opening up the algorithms that decide how material is shown to consumers. Musk, however, has not provided specifics on how he intends to do all of this or who would lead the firm. He has stated that he intends to make job cuts, which has Twitter’s 7,500 employees worried about the future. On Thursday, he said that he bought Twitter “to attempt to benefit mankind, whom I love,” rather than in order to increase his financial gain.
Less than 10% of the 266 Twitter workers who took part in a survey on the messaging service Blind thought they would still be there in three months. After signing up using company emails, Blind enables employees to voice complaints in an anonymous manner. According to those familiar with the situation, Musk dismissed Twitter’s CEO Parag Agrawal, CFO Ned Segal, and head of law and policy Vijaya Gadde. He had claimed that they had misled him and Twitter’s investors over the prevalence of fraudulent accounts on the site. The sources stated that Agrawal and Segal were removed from Twitter’s San Francisco offices where they were present when the agreement was finalised. All in all, the Twitterati are in for a treat after Musk’s takeover.