Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

'The Bird is Freed': Elon Musk Now Owns Twitter; Fires CEO and CFO

Stock Markets Oct 28, 2022 05:19AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters 'The Bird is Freed': Elon Musk Now Owns Twitter (TWTR); Fires CEO and CFO
 
TWTR
+0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
TSLA
+0.91%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Senad Karaahmetovic 

Elon Musk, CEO of Tesla (NASDAQ:TSLA) and SpaceX, is now in charge of Twitter (NYSE:TWTR), according to multiple reports. His Twitter bio now reads "Chief Twit."

At 11:49 PM EST on Thursday, Musk tweeted "the bird is freed," suggesting he now owns the social media company. CNBC reported that Musk immediately fired CEO Parag Agrawal and CFO Ned Segal, as well as Twitter’s head of legal, Vijaya Gadde.

A Delaware Court judge told two parties that they must complete the buyout by October 28 or head to trial in November. On Thursday, Musk entered Twitter's headquarters in San Francisco and sent a message to advertisers.

"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."

Twitter shares closed at $53.70 on Thursday before rising to $53.86 in after-hours trading.

'The Bird is Freed': Elon Musk Now Owns Twitter; Fires CEO and CFO
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
gab nea
gab nea Oct 28, 2022 6:52AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
he is by far not chief twit, maybe chief nit twit !
jason xx
jason xx Oct 28, 2022 5:49AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Oh please traitor trump and his cucks complain about "muh free speech" yet traitor trump banned everybody whit even the slightest criticism even from the official white house account.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email