Breaking: Elon Musk Closes Twitter Deal, Fires CEO, CFO

 Breaking: Elon Musk Closes Twitter Deal, Fires chief operating officer, business executive

Elon Musk has taken full management of Twitter. Reports highlight that Musk and Twitter formally closed the deal on Th evening. Parag Aggarwal has resigned because of the CEO of Twitter. Some conflicting reports additionally reveal that Musk so unemployed Parag and escorted him out of the building.

Twitter CFO Ned George Segal has also resigned from the position. each former CEO Parag Aggarwal and Segal have left the port of entry headquarters for the last time. Reports also highlight that Musk has fired Twitter's head of legal policy, who created the choice to fireplace Trump.

Twitter share costs are up by 0.3% within the after-hours. However, Twitter shares are suspended from mercantilism till the deal is formally announced.

Elon Musk Twitter Deal Timeline

when in public criticizing Twitter for censorship and its bots issue, Musk joined the corporate' board. However, shortly Musk extended a proposal to Twitter's board to shop for the company at a $44 billion value. This was admired for $54.20 per share.

Musk but reneged on the offer as he complained that Twitter underreported its bots problem. Twitter sued Musk for tanking the corporate' stock by reneging on its offer. Eventually, Elon Musk hips Twitter so that he can get the company at the initial price.

Musk desires to form Twitter censor-resistant so individuals will share their views while not interfering. He wants Twitter to be a typical ground so that the platform isn't split between far-left and right views. He additionally wants to resolve the problem of bots on Twitter and make Twitter's code open-source.

Musk engaged in humor because the deal came close to being done. Musk updates his Twitter profile and referred to as himself the "Chief Twit". He additionally brought a sink to the Twitter headquarters.

Twitter Share Inches Towards an Offered value

Elon Musk offered to shop for Twitter at the worth of $54.20 per share. once Musk reneged on the offer, Twitter's stock plummeted. However, since the deal came back on the table, the share costs are on the point of returning to the initial price.

Twitter shares are presently priced at $53.70.