Musk Completes $44 Billion Deal to Own Twitter
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| Clock Set |
On Thursday night, Elon Musk closed his $44 billion deal to buy the social media service, said three people with knowledge of the situation. He also began cleaning house, with at least four top Twitter executives - including the chief executive and chief financial officer - getting fired on Thursday. Musk had arrived at Twitter's San Francisco headquarters on Wednesday and met with engineers and ad executives.
The closing of the deal, which followed months of drama and legal challenges as Musk changed his mind about buying the company, sets Twitter on an uncertain course. Musk, a self-described "free speech absolutist," has said that he wants to make the social media platform a more freewheeling place for all types of commentary and that he would "reverse the permanent ban" of former President Donald Trump from the service.
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