Elon Musk Completes $44 Billion Acquisition of Twitter — Fires Top Executives
On October 27, 2022, Elon Musk completed his $44 billion acquisition of Twitter, taking the company private. Immediately upon closing the deal, Musk fired CEO Parag Agrawal, CFO Ned Segal, and legal policy chief Vijaya Gadde. Musk's takeover led to massive staff layoffs (roughly 80% of workforce), the reinstatement of previously banned accounts including Donald Trump's, the rollout of Twitter Blue verification changes, and a transformation of the platform renamed "X" in July 2023.
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