Elon Musk clears out Twitter bosses in $44bn deal
On Friday, Mr Segal tweeted that his time at the company was the “most fulfilling of my career” and reflected on the strain caused by the uncertainty of the last six months.”You learn so much when times are challenging and unpredictable, when we are tired or feel our integrity questioned,” Mr Segal said, alluding to Mr Musk ‘s public criticism of the company’s leadership. Mr Musk has signalled he wants widespread change at Twitter . A self-styled ” free speech absolutist”, he has said he sees the platform as a forum for public debate, signalling a willingness to restore controversial users such as former president Donald Trump . Former US President Donald Trump , who was banned by Twitter last year following the Capitol riot in January 2021, claimed that the takeover meant that Twitter was now in “sane hands” while reiterating his “love” for his own Twitter -like service, Truth Social .The likely changes have divided Twitter ‘s own users, some of whom are worried Mr Musk will loosen regulations governing hate speech and misinformation, and some of whom feel the previous management curtailed free speech with overly rigorous rules.After building a stake in Twitter at the start of the year, Mr Musk made his $44bn offer in April, a price tag that looked too high almost as soon as it was agreed.He said he was buying it because he wanted “civilisation to have a common digital town square”, and pledged to clean up spam accounts and preserve the platform as a venue for free speech .But by the summer he had changed his mind about the purchase, citing concerns that the number of fake accounts on the platform was higher than Twitter claimed.Dan Ives, analyst at Wedbush Securities, said the $44bn price tag would go down “as one of the most overpaid tech acquisitions in the history of M&A (mergers and acquisitions) deals on the Street”.
Mr Musk has signalled he wants widespread change at Twitter.
Former US President Donald Trump, who was banned by Twitter last year following the Capitol riot in January 2021, claimed that the takeover meant that Twitter was now in “sane hands” while reiterating his “love” for his own Twitter-like service, Truth Social.
The likely changes have divided Twitter’s own users, some of whom are worried Mr Musk will loosen regulations governing hate speech and misinformation, and some of whom feel the previous management curtailed free speech with overly rigorous rules.
