The company’s CFO, head of legal policy, trusts and safety, as well as CEO Parag Agrawal, was all fired by Elon Musk.
Musk had until Friday to complete the Twitter deal, per the court’s order.
He acquired control of Twitter and fired its top executives in a deal that place the world’s richest man in charge of one of the most important forums for international discourse.
Mr. Agrawal filed a lawsuit to compel the Tesla CEO to abide by the terms of a takeover agreement that he had attempted to elude.
This occurred hours before Musk’s on-again, off-again deal to buy the social media network was supposed to be finalized, according to a court-appointed deadline.
Musk tweeted on Thursday that he was buying Twitter “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. “The billionaire even shared a picture of himself socializing at a coffee bar at Twitter headquarters.
Earlier Musk tried to step back from the Twitter deal soon after his unsolicited offer was accepted in April, in July he said he was canceling the contract because he was misled by Twitter over the number of fake “Bot” accounts, allegations rejected by the company.
Twitter, in turn, sought to prove Musk was contriving excuses to walk away simply because he changed his mind. After Musk sought to terminate the sale, Twitter filed a lawsuit to hold Musk to the agreement. With a trial looming; the unpredictable billionaire capitulated and revived his takeover plan.
Musk tweeted “CHIEF TWEET” along with a video of him walking into the California headquarters carrying a sink as a representation of the deal being finalized and displayed a green flag as a sign that the deal was confirmed.
Despite the fact that he and the investors are “overpaying,” he claimed to be “excited” about the Twitter deal.
In spite of the fact that a sizable number of employees have already left their jobs, those who remain are still willing to give him the benefit of the doubt at this time. An employee who still works there and requests anonymity revealed this to the media.
As Musk is known for trolling other Twitter users, the idea of Musk running Twitter has alarmed activists who worry about an increase in harassment and false information.
While acknowledging that Twitter “cannot become a free-for-all hells cape where anything can be said with no consequences,” Musk said he understands this.
It is anticipated that Musk will make it easier for former US president Donald Trump to rejoin the platform by reducing content moderation to a bare minimum.