Elon Musk buys Twitter, Fires top Executives

Elon Musk, has completed his $44bn takeover of Twitter, US media have reported.

Mr Musk tweeted “the bird is freed” referencing the Twitter logo as he announced the deal on his Twitter account.

Meanwhile, a number of top executives, including the Twitter boss, Parag Agrawal, were reportedly fired by Musk.

Chief Executive, Parag Agrawal, as well as the company’s chief financial officer and its head of safety were escorted from the Twitter Headquarters, local media reported.

Agrawal previously went to court to hold the Tesla chief to the terms of a deal which witnessed an on and off negotiation.

Also, Bret Taylor – who had served as Twitter’s chairman since last November – updated his LinkedIn profile to indicate that he was no longer in the post.

Mr Musk has been critical of Twitter’s management and its moderation policies.

They clashed over the terms of the takeover, with Musk accusing Twitter of providing misleading information about the firm’s user numbers, arguing there were millions of bot accounts on the platform.

He argued that these numbers were aimed at misleading advertisers.

In a message to Advertisers, Musk explained why he bought the social media platform.

He said it was important for the world to have a “digital town square where a wide range of beliefs can be debated.”

Also, Musk has said he would reverse bans on suspended users, which could include former US President Donald Trump, who was excluded following the Capitol riot in January 2021.

At the time, Twitter said there was a risk Mr Trump would incite further violence. But Mr Musk had described the ban as “foolish”.