The billionaire tech mogul finally bought Twitter on Thursday night, the Washington Post reports, after months of legal tussles and threats. According to sources who spoke with the publication, Musk wasted no time in making his first significant decisions as the platform’s sole owner and fired a number of senior executives, including the platform’s CEO and chief financial officer, Parag Agrawal, as well as the head of legal policy, trust, and safety, Vijaya Gadde. One insider, who wished to remain anonymous, added that Sean Edgett, Twitter’s general counsel, had been fired.
Musk was seen entering the company’ San Francisco offices earlier this week as he got ready to seal the $44 billion transaction. He added “Chief Twit” to his Twitter bio, which sparked rumors that he will shortly dismiss Agrawal and take over as CEO.
Last week, it was revealed that Musk was considering reducing the number of Twitter employees from 7,500 to just over 2,000. According to reports, the corporation planned to let go of 25% of its employees.
The path leading to Musk’s acquisition was difficult and drawn-out. In April, he signed a contract to buy the business, but a few weeks later, he threatened to back out. Musk alleged that the platform misled him about the size of its user base and hid the true number of spam accounts. In an effort to uphold the original agreement, Twitter sued Musk. Musk filed a countersuit in retaliation.