Elon Musk’s newest job title is “Chief Twit,” after officially acquiring Twitter. Per Variety, an SEC filing Friday (October 28) by the New York Stock Exchange (NYSE) was a formal notification that Twitter’s stock was delisted to the public. That means Musk’s $44 billion acquisition closed at the original agreed-on price of $54.20 per share.

Musk, 51, promptly fired at least four top Twitter executives as the first order of business Thursday evening, according to Business Insider. They include CEO Parag Agrawal, CFO Ned Segal, Twitter’s head of legal, policy and trust, and safety, Vijaya Gadde and general counsel Sean Edgett. The terminated senior execs (minus Edgett) are walking away with a big payout, with Agrawal to receive $57.36 million; Segal with $44.47 million; and Gadde with $20.01 million, according to Twitter’s 2022 proxy statement. Musk then installed himself as CEO. He has said that he intends to overturn Twitter’s permanent bans. This likely includes the former President, Donald Trump. Musk has previously called Twitter’s lifetime ban on Trump a “morally bad decision” that he would reverse.

Musk has indicated he wants Twitter to become a more-expansive communications and entertainment app than it is today. He has spoken of wanting to ensure “free speech” on the platform, previously accusing Twitter of censoring conservative viewpoints and harboring a left-wing bias.

In a letter addressed to Twitter advertisers Thursday morning, he said his motivation for buying the site was not for monetary gain, but rather for humanity. He called it 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.” He concludes that Twitter will not become a “free-for-all hellscape, where anything can be said with no consequences!”

“The bird is freed,” Musk tweeted late Thursday night.

Twitter Sold To Elon Musk: Twitter Reacts

• That's an expensive way to stop bullies

  elon musk spending $43 billion to stop getting bullied on twitter when he could’ve simply been less annoying is insane

  — first-mate prance (@bocxtop) April 25, 2022

   

   

• Is he looking for freedom, or freedom from consequences

  When billionaires like Elon Musk justify their motives by using “freedom,” beware. What they actually seek is freedom from accountability.

  — Robert Reich (@RBReich) April 24, 2022

   

• Elon is the "GOAT"

  Elon Musk is the GOAT 🐐 pic.twitter.com/asvjmrgWBA

  — Pomp 🌪 (@APompliano) April 21, 2022

• Phew, that's some musk

  When you stink of selfishness and greed that’s called having an Elon Musk.

  — The Volatile Mermaid (@OhNoSheTwitnt) April 25, 2022

• How much does it cost?

  Back then when #ElonMusk was just kidding.. #TwitterTakeover #ElonMuskBuyTwitter #Twitter pic.twitter.com/UyDYIoJBZT

  — kaivalya (@kaivalya_13) April 25, 2022

   

• No more bots?

  Elon we need this in immediate effect 😃#ElonMusk #Twitter #TwitterTakeover pic.twitter.com/8VlYhm0h7U

  — Mr.PhoneTech (@MrPhoneTech) April 25, 2022

   

• Is Elon a cool boss?

  thoughts go out to people i know who are working for Twitter because, yikes

  — Aaron Rupar (@atrupar) April 25, 2022

• Will people leave?

  Not sure I am interested in Twitter if Elon Musk owns it.

  — John W. Dean (@JohnWDean) April 24, 2022

• Maybe he will make it better?

  Elon has bought twitter. Twitter is actually saved

  — ksi (@KSI) April 25, 2022

   

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