Elon Musk has reportedly finalized his acquisition of Twitter, and fired its top executives.
The Wall Street Journal, Washington Post and others reported, based on unnamed sources, that the top executives of Twitter TWTR, +0.66% were fired and escorted from the building, including Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and Vijaya Gadde, head of legal policy, trust and safety.The acquisition ends months of legal wrangling after Musk, the billionaire CEO of Tesla Inc. TSLA, +0.20% and SpaceX and a frequent Twitter user, offered to buy Twitter in April.
“Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!” Musk said in his statement to advertisers Thursday.Twitter shares have rallied 26% over the past month, closing Thursday at $53.70, close to the $54.20 share price Musk agreed to pay in April.
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