![\"Elon](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/10\/musk-twitter-1-768x432.jpg\")
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Tesla and Spacex CEO Elon Musk has completed the acquisition of Twitter Inc. and reportedly fired the company\u2019s CEO and CFO. \u201cThe reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square,\u201d he said. \u201cThere 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.\u201d<\/strong><\/p>\n Tesla CEO Elon Musk has completed his $44 billion acquisition of Twitter Inc. and has changed his Twitter profile description to \u201cChief Twit.\u201d On Thursday night, he tweeted:<\/p>\n The bird is freed.<\/p>\n<\/blockquote>\n Immediately after the deal closed, Musk reportedly fired Twitter CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, the social media platform\u2019s head of legal affairs and chief content moderator. Gadde headed up the team at Twitter that made the decision to ban former U.S. President Donald Trump after the Capitol riot in 2021.<\/p>\n On Thursday, Musk tweeted explaining his motivation for acquiring Twitter. The billionaire detailed: \u201cThe 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.\u201d<\/p>\n He continued, \u201cThere 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,\u201d elaborating:<\/p>\n That is why I bought Twitter. I didn\u2019t do it because it would be easy. I didn\u2019t do it to make more money. I did it to try to help humanity, whom I love.<\/p>\n<\/blockquote>\n Addressing Twitter advertisers, Musk explained: \u201cTwitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!\u201d<\/p>\n Emphasizing that \u201cIt is essential to show Twitter users advertising that is as relevant as possible to their needs. Low relevancy ads are spam, but highly relevant ads are actually content,\u201d the new Twitter boss concluded:<\/p>\n Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise.<\/p>\n<\/blockquote>\n Binance CEO Changpeng Zhao (CZ) confirmed Thursday that his company helped fund Musk\u2019s Twitter acquisition, tweeting<\/a>: \u201cOur intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon\/Twitter.\u201d Binance is among the 18 companies<\/a> that committed to helping Musk fund the deal.<\/p>\n The Tesla CEO went to Twitter\u2019s headquarters on Wednesday with a sink to close the deal. \u201cEntering Twitter HQ \u2013 let that sink in!\u201d he tweeted<\/a>. According to Bloomberg, Musk told Twitter employees during his visit that he is not planning to lay off 75% of the staff.<\/p>\nElon Musk Takes Over Twitter<\/h2>\n
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