News

Elon Musk Completes Takeover Of Twitter, Fires CEO And Two Executives

Elon Musk has completed the $44 billion purchase of Twitter and has already removed the company’s CEO, CFO, and head of legal policy, trust, and safety.

It’s the end of a legal saga in which Twitter sued the world’s richest man for breaching the terms of an acquisition agreement.

Musk tweeted that his motivation for joining the platform was not financial.

Initially, Musk moved to buy Twitter in an acquisition deal in April. However, he backed out on the deal in May citing concerns about the number of bots on the platform and later allegations raised by a company whistleblower.

In July, he said that he had changed his mind about buying the business. Twitter, on the other hand, claimed the billionaire needed to complete the purchase according to their deal.

Twitter ultimately launched a lawsuit to enforce the terms of the agreement. Musk resumed his acquisition intentions in early October, but only on the condition that legal processes be put on hold.

On October 27, Musk posted a video on his Twitter showing up in Twitter headquarters with a sink. Musk posted the video saying “Entering Twitter HQ- let that sink in!”

He also put “Chief Twit” in his Twitter bio. Elon Musk also posted a tweet with the title “Dear Twitter Advertisers”. In it, he stated the reason why he bought the social media platform.

“I wanted to reach out personally to share my motivation in acquiring Twitter,” he said.

“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.”

“That is why I bought Twitter. I did it to try to help humanity, whom I love.”

Sources: BBC, CNN, @elonmusk

Adib Mohd

Recent Posts

LEGOLAND® Malaysia’s Summer Carnival Is Back With a Splash For a Third Year

ISKANDAR PUTERI, 2 July 2025 - Grab your crew and get ready to splash, play,… Read More

1 day ago

Don’t Own a House? Tenants Can Still Enjoy Lower Electricity Bills with ToU

Starting 1 July 2025, Malaysia rolled out a new electricity pricing system called Time-of-Use (ToU),… Read More

2 days ago

The 8% Era Is Here: SST Just Got A Glow-Up, But What Changes?

As of 1st July 2025, Malaysia officially entered the 8% era and no, we’re not… Read More

2 days ago

CDO CONVEX 2025 Champions a New Era of Agile Digital Leadership in Public Sector

The Public Sector Chief Digital Officers Conference 2025 (CDO CONVEX 2025), themed "Agile and Intelligent… Read More

2 days ago

OPPO Reno14 Series Shines at OOO Music Festival Launch, Fusing Tech with Rhythm and Style

OPPO Malaysia brought together music, technology, and lifestyle in spectacular fashion as it officially unveiled… Read More

2 days ago

Zurich Malaysia Joins the Liga 7X7 All Stars 2025 Lineup as Presenting Partner

Liga X Sdn. Bhd. (Liga X) has officially announced Zurich Malaysia (Zurich) as the Presenting… Read More

3 days ago

This website uses cookies.