The Morning After: Elon Musk now owns Twitter
And Twitter’s CEO is out.
After a months-long legal battle that has engulfed Twitter since Elon Musk first offered to buy the company for $44 billion in April, the deal is done, and Musk is already ringing in the changes. Musk, who has criticized Twitter’s leadership, fired CEO Parag Agrawal and Chief Financial Officer Ned Segal, as well as several more top executives. He’s also likely to let more staff go, though he has told employees the cuts won’t be as high as 75 percent.