Elon Musk has finally ended the long back and forth with his decision to purchase Twitter in a $44 billion acquisition.
On Thursday, Musk changed his profile description on Twitter to “Chief Twit” and tweeted, “the bird is freed” after becoming the owner of the platform. The four-word statement is apparently an indication of wanting to limit content posts.
He also made it a point to dismiss three of Twitter’s top executive officers: Chief Financial Officer Ned Segal, Chief Executive Parag Agrawal, and legal affairs and policy chief Vijaya Gadde. The multi-billionaire had previously refused to purchase the social media platform because he said he was misled by the executives to think that the app had fewer bots/fake accounts than was true.
With this maneuver and his declaration to cut jobs in the future, the current 7,500 employees at the company are reportedly worried about their jobs. It is unknown how Musk will be able to uphold his grand ambitions of reforming the app, or the leaders who will be in charge of the day-to-day going forward.
In his address on Thursday, the SpaceX CEO noted that his acquisition of Twitter was not because he wanted to grow his financial status, but because he loves humanity and wants to help its progress. He also made it known that he wants to limit the number of restrictions placed on users so that they can post more freeing content without the space becoming something that is used to spew hate and discrimination. There was also a comment made about doing away with permanent bans on Twitter.
Other than the objectives above, Musk wishes to tackle the growing concern of spam bots on the platform and publicize Twitter’s content algorithms.
With the new age that he would like to steer the app in, Musk intends to become the temporary CEO of Twitter until someone else is appointed for the position.
Watch the video below for more details: