SpaceX Chief Engineer Elon Musk takes half in a joint information convention with T-Mobile CEO Mike Sievert (not pictured) on the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022.
Adrees Latif | Reuters
Tesla CEO Elon Musk is now in control of Twitter, CNBC’s David Faber reported on Thursday.
Twitter CEO Parag Agrawal and chief monetary officer Ned Segal have left the corporate’s San Francisco headquarters and won’t be returning.
Musk had till Friday to finish his $44 billion acquisition of Twitter or face a courtroom battle with the corporate.
In April, Twitter accepted Musk’s proposal to purchase the social media service and take it non-public. Just just a few months later, nevertheless, Musk started sowing doubt about his intentions to purchase Twitter and would allege that the corporate didn’t adequately disclose the variety of spam and faux accounts on the service.
When Musk mentioned he was terminating the deal, Twitter sued the billionaire, alleging that Musk “refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”
The billionaire additionally wrote a message on Thursday supposed to reassure advertisers that social messaging providers would not devolve into “a free-for-all hellscape, where anything can be said with no consequences!”
“The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk mentioned within the message. “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”
Musk arrived on the Twitter headquarters earlier this week carrying a sink, and documented the occasion on Twitter, saying “Entering Twitter HQ – let that sink in!”
The Tesla chief additionally up to date his Twitter description to “Chief Twit.”
This story is creating, please verify again for updates.
Source: www.cnbc.com”