Tesla CEO Elon Musk is now in charge of Twitter, CNBC's David Faber reported on Thursday. Twitter CEO Parag Agrawal and chief financial officer Ned Segal have left the company's San Francisco headquarters and will not be returning.
Earlier in October, Musk had a change of heart and said he wanted to pursue his acquisition of Twitter at the original price of $54.20 a share if the social messaging service dropped its litigation. Distrustful of Musk's motivations, Twitter's lawyers said that the Tesla CEO's"proposal is an invitation to further mischief and delay."
A Delaware Chancery Court judge eventually ruled that Musk had until Oct. 28 to cement the Twitter deal or head to trial.intended to reassure advertisers that social messaging services wouldn't 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 said in 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.
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