Elon Musk Officially Buys Twitter

On Thursday night, Mr. Musk closed his $44 billion deal to buy the social media service. He also began cleaning house, with at least four top Twitter executives — including the chief executive and chief financial officer — getting fired. Mr. Musk had arrived at Twitter’s San Francisco headquarters on Wednesday and met with engineers and ad executives, reports the New York Times.
"There could be real-world consequences to his leadership," David Kaye, a law professor at the University of California, Irvine, who worked with the United Nations on issues of free speech, said of Mr. Musk’s ownership of Twitter. "To the extent that world leaders see they have this space and it’s unmoderated, they could push to see how far they can go."
Elon Musk Completes $44 Billion Deal to Own Twitter (New York Times)
According to Politico, Elon Musk offered a glimpse into his plans for Twitter in an open letter to advertisers posted on the eve of his highly anticipated $44 billion acquisition of the social media site.
"In addition to adhering to the laws of the land, our platform must be warm and welcoming to all," and users should be able to "choose your desired experience according to your preferences," Musk said. The reason Musk bought the platform, he said in the statement, was to create "a common digital town square where a wide range of beliefs can be debated in a healthy manner, without resorting to violence."
Elon Musk says he won’t let Twitter become a 'free-for-all hellscape' (Politico)
Mr. Musk’s decision to go through with the Twitter takeover came two weeks before a trial in Delaware was set to begin over the stalled deal. The judge presiding over the legal clash agreed to pause the litigation, granting a request by Mr. Musk for more time to complete the takeover. The judge gave Mr. Musk until Oct. 28 to follow through with his offer, or said she would schedule a November trial, writes the Wall Street Journal.
Elon Musk Buys Twitter, Immediately Fires CEO and CFO (Wall Street Journal)
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