Elon Musk Takes Over Twitter
The news everyone is talking about this weekend is the buyout of Twitter by Elon Musk for an apparent $44 billion. The deal finally went through after months of delay, a lawsuit by Twitter and more memes than anyone cares to remember.
Musk reportedly fired CEO Parag Agrawal, CFO Ned Segal and chief legal counsel Vijaya Gadde, letting them go with a hefty payout of around $187 million, CNN reported.
In the midst of all this are the advertisers, who provide the cash for the platform on which it survives. Elon posted the below tweet to help quell any concerns they may have.
Time well tell whether the social media service takes a shift for the better or worse, especially since they won’t have to answer to regulators or shareholders anymore.
The bigger question on everyone’s mind is the kind of speech that will be moderated, or not. In response to that Musk said they’ve formed a ‘Content Moderation Council’, to have diverse viewpoints and make decisions based on the framework they decide on.
