Home » News » Twitter deal: Netizens react as Elon Musk fires CEO and CFO after completing the acquisition

Twitter deal: Netizens react as Elon Musk fires CEO and CFO after completing the acquisition

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After finally completing the $44billion acquisition of the social media site on Thursday, October 27, Tesla CEO Elon Musk is officially in command of Twitter. Top executives, such as CEO Parag Agrawal and CFO Ned Segal, have been fired as a result, and the internet can't contain its excitement, with many calling the decision "f**king awesome." According to Engadget, Musk had previously alleged that the platform contains fraudulent accounts and accused the corporation of denying him access to sufficient information to confirm the amount of bots on the website. His assertions were criticized by Twitter as being "factually incorrect, legally insufficient, and commercially irrelevant. " Later when Musk said he was terminating the deal after initially agreeing to buy the company in April, Twitter sued the billionaire, alleging he “refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” ANI reports. The October 28 deadline was given to Musk to have the time to finance the Twitter deal. On October 27, Musk tweeted a post saying he was buying the company to help humanity and did not want it to become a "free-for-all hellscape". He wrote, "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." Following the takeover and the exit of CEO and CFO, many took to social media to express their opinion on it. Writer and radio host, Clay Travis, wrote, "Elon Musk has taken control of @Twitter per @wsj and immediately fired the CEO and CFO. This is going to fucking amazing." He continued the thread by saying, "He also fired the executive who decided to censor the Hunter Biden story and banned Trump. This is amazing," and added, "This is like the red wedding, Twitter version. Gonna make an incredible movie one day."

By Awanish Kumar

I keep abreast of the latest technological developments to bring you unfiltered information about gadgets.

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