Elon Musk Buys Twitter, Fires Top Executives

Contact Your Elected Officials
The Epoch Times Header

Tesla CEO and worldโ€™s wealthiest person, Elon Musk, is now in charge of the social media platform Twitter. The official announcement of the takeover dealโ€™s completion is expected on Friday.

Twitter will be delisted from the New York Stock Exchange beginning on Oct. 28, according to a recent delisting notice, as the firm will be taken private.

Twitter CEO Parag Agrawal and CFO Ned Segal have been fired, according to multiple media reports.

Musk tweeted โ€œThe bird is freedโ€ late Thursday night, and then โ€œlet the good times rollโ€ a few hours later.

The purchase brings to an end an unusual corporate takeover fight that has been a roller coaster ride for nearly seven months.

Musk shared a video of himself on Wednesday walking into Twitter headquarters carrying a sink, tweeting โ€œlet that sink in.โ€ He also changed his social network bio to โ€œChief Twit.โ€

Before Musk arrived at the San Francisco-based headquarters, CNN obtained an email that was sent to all staff members.

โ€œAs youโ€™ll soon see or hear, Elon is in the SF office this week meeting with folks, walking the halls, and continuing to dive in on the important work you all do. If youโ€™re in SF and see him around, say hi! For everyone else, this is just the beginning of many meetings and conversations with Elon, and youโ€™ll all hear directly from him on Friday.โ€

But the celebratory nature after a seven-month battle between the billionaire entrepreneur and the social media corporation might end prematurelyย as โ€œheโ€™ll still have plenty of hard work ahead,โ€ says Jason Moser, senior analyst and lead advisor at The Motley Fool.

The buyout will be remembered as one of the most crucial deals in the history of mergers and acquisitions because of how much public attention it drew.

Byย Andrew Moran

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Lay Democrats to Waste, Post Truths in Cut and Paste!

Senator John Kennedy (R-LA) humorously stated, โ€œOur secret plan for dealing with the Democrats is called, โ€˜Operation: Let them speak.โ€™โ€

Congress doesnโ€™t Care What the Average Person Thinks

In researching voting rights issues, a study provides a foundation for the statement โ€œgovernment officials donโ€™t care what people like them think.โ€

Domestic Terrorists Rain Adult Toys on WNBA Courts in Multiple Aerial Assaults

In what might be described as the worst terrorist attack on American soil since 9/11, multiple WNBA courts have been pelted with brutal flying missiles.

Democrats Are In Disastrous Shape As Midterms Loom

According to CNN's Harry Enten, โ€œThe Democratic brand is in the basement. It is total and complete garbage in the mind of the American public.โ€

A Primer on Conservatism

Conservatism is based on the maintenance and preservation of economic and governmental liberty of the individual citizen to choose what is best for their interests.

Google to Limit Use of AI Data Center Power During Grid Peaks

Global tech giant Google has just signed agreements with utility firms I&M and the TVA to reduce power use at its AI data centers when demand surges.

Lay Democrats to Waste, Post Truths in Cut and Paste!

Senator John Kennedy (R-LA) humorously stated, โ€œOur secret plan for dealing with the Democrats is called, โ€˜Operation: Let them speak.โ€™โ€

Data Centers, AI Infrastructure to Boost Electricity Sales by 175 Percent

Driven by new data centers and AI infrastructure, retail electricity sales to consumers in US are expected to grow at an annual rate of 2.2% in 2025 and 2026.

US Sanctions 5 Foreign Entities for Allegedly Aiding Iranian Military Drone Program

Treasury Dept sanctioned entities and individual based in Iran, China, Taiwan, and HK for aiding Iranโ€™s military aircraft and drone company to procure tech.

Trump Vows to โ€˜Substantially Raise Tariffโ€™ on India Over Russian Oil Imports

Trump said he would โ€œsubstantiallyโ€ raise tariffs on goods from India, citing countryโ€™s continued purchase of Russian oil despite his demand that it stop.

European Union Suspends US Tariff Countermeasures for 6 Months

The EU will suspend its two packages of countermeasures to U.S. tariffs for six months, a European Commission spokesman said on Monday.

Trump Says Americans Could Get Dividends From Tariff Revenues

President Donald Trump suggested on Sunday that his administration could distribute dividends from tariff revenues to Americans with certain income levels.

Tariff Rates โ€˜Pretty Much Set,โ€™ Says US Trade Representative

President Trumpโ€™s trade representative, Jamieson Greer, said that Americans should expect the administrationโ€™s tariff levels to remain where they are.
spot_img

Related Articles