Elon Musk Takes Over Twitter, CEO Parag Agrawal Fired

Elon Musk took control of Twitter and fired its top management, US media reported late Thursday. Musk fired chief executive Parag Agrawal, as well as the company’s chief financial officer and its head of legal policy, trust and safety.

A report by Insider quoted sources as saying that Twitter and Musk formally closed on the billionaire’s offer on Thursday evening by paying $54.20 per share, or approximately $44 billion. 

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,” he had said.

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