Elon Musk acquires Twitter, immediately fires top executives

Eventually, the chickens come home to roost. See Facebook or whatever they’re currently calling that raging dumpster fire. For Twitter, they began roosting on Thursday. That’s the day when Elon Musk completed his acquisition of Twitter and immediately fired its top executives.

Elon Musk
Elon Musk

Lauren Thomas and Alexa Corse for The Wall Street Journal:

Elon Musk completed his takeover of Twitter Inc. Thursday, and fired the CEO and CFO, according to people familiar with the matter, capping an unusual corporate battle and setting up one of the world’s most influential social-media platforms for potentially broad change.

The deal, in which Twitter will again become a private company, adds to Mr. Musk’s expansive business reach, which also includes running Tesla Inc., the world’s most-valuable car company, and rocket company Space Exploration Technologies Corp., or SpaceX, among other endeavors. Mr. Musk, who had become Twitter’s largest individual shareholder, previously said he would pay for the acquisition mostly with cash, some contributed by co-investors, and $13 billion in debt.

Mr. Musk fired Chief Executive Parag Agrawal and Chief Financial Officer Ned Segal after the deal closed, the people said. Mr. Musk also fired Vijaya Gadde, Twitter’s top legal and policy executive, and Sean Edgett, general counsel.

A self-described free-speech absolutist, Mr. Musk has pledged to limit content moderation in favor of emphasizing free speech…

MacDailyNews Take: Elon’s already taking out the trash.

As we wrote last week, “Twitter can be made valuable, worth far in excess of $54.20 per share, if the platform is returned to an open “town square” marketplace of ideas, sans heavy-handed, one-sided censorship, shadow-banning, etc.”

As we wrote back in April, “Broken long ago, Twitter is a slanted, myopic joke as it is currently run.”

Hopefully Musk will be an agent of change for a platform that should, at this point, be considered a public utility that allows for all viewpoints to be openly discussed.

Elon Musk is a doer.

The doers are the major thinkers. The people that really create the things that change this industry are both the thinker and doer in one person. – Steve Jobs

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  1. Finally! Leftist censors begone!

    “All censorships exist to prevent anyone from challenging current conceptions and existing institutions. All progress is initiated by challenging current conceptions, and executed by supplanting existing institutions. Consequently, the first condition of progress is the removal of censorship.”

    ― George Bernard Shaw

    1. “TRUTH SOCIAL has become somewhat of a phenomena. Last week it had bigger numbers than all other platforms, including TikTok, Twitter, Facebook, and the rest. It also looks and works better to my eye. I am very happy that Twitter is now in sane hands, and will no longer be run by Radical Left Lunatics and Maniacs that truly hate our country. Twitter must now work hard to rid itself of all of the bots and fake accounts that have hurt it so badly. It will be much smaller, but better. I LOVE TRUTH!”

      — The last duly-elected U.S. President


    1. So you support those who ban our former President, but keep foreign dictators and others free to speak? Really? Censorship should kept to Child Porn, life threats, and the like. Not something you disagree with or decide is fake news just because you don’t like what’s said.

        1. Brief hit and run insult? OK fine, time for a reality check.

          Roughly 95%+ of President Trump’s primary endorsements WON:

          U.S House Candidates
          * Trump-backed Incumbents — 130 wins, 1 loss
          * Trump-backed Challengers — 4 wins, 2 losses
          * Trump-endorsements in open races — 16 wins, 2 losses
          U.S. Senate Candidates
          * Trump-backed Incumbents — 10 wins, 0 losses
          * Trump-endorsements in open races — 10 wins, 0 losses

          And let’s not forget the many positive asterisks Trump achieved, specifically with RECORD economic numbers. The direct result of his policies, the main CATALYST for explosive economic growth. Absolutely unprecedented and historic for a first term President that never ran or held public office.

          Lastly, the MAGA movement Trump created is real, yet more important, EVERLASTING. Biden’s desperate demonizing of over half of Americans in the millions is EPIC STUPIDITY. So much for the lying uniter in chief turned on a dime to do anything to keep power.

          In just nine days, yourself and the blue team are going to need tons of tissues as the reckoning is on its way.

          Bottom Line: No matter how many times you mock, disparage and attempt to minimize President Trump. The FACT is over and over again you have proven Trump still living rent free in your head and you can’t let it go…

            1. Who says you need to accept it? The numbers are there to calculate. For years you have been in Trump denial all along, so my suggestion, stay in your safe space…

      1. More of the same Tennersworthless trash who posts under half a dozen different screen names.

        You clutch that ridiculous article to make yourself feel better, but unfortunately FOOL of baloney that leftists love to sling around.

        Musk is DA MAN and we will stick to reality while you be very afraid he is about to change the leftist lock on Twitter and become the catalyst for free speech and breaking the stranglehold of Big Tech…

    1. If he turns it into a free speech place like he says, even you, Hank, can post to your Lib hearted delight. That was the problem with the former Twitter, THEY chose who’s bubbles could rise in the tank.

  2. Amazing how one can read the comments and see where the drink cool-aid all day long…

    Musk is fine with legalizing many drugs, is for abortion – he’s no Conservative – Yet he’s no Marxist either, as he loves to play in the market of ideas and is indeed a doer.

    Unless one has lived under an MSNBC bubble, Twitter has been a hard left bastion of shadow banning and left props and cancel culture galore.

    Musk simply wants everyone to be able to share their ideas. An open market place of thought. Now how is that ending Democracy? It isn’t. It’s letting intellectual arguments duke it out. Fantastic.

      1. That-a-boy, info…go with the narrative that suits you before anything has happened. It’s called; making subjective pondering your narrative.

        What existed prior was not freedom (for all ideas), so, it’s better than 50/50 more freedom will result because the “manager” seeks to incorporate freedom in the meeting space.
        Previous “managers” showed their liking…which may likely have been your pref? If so, makes sense. as it was a freedom crock called “for your own good because we know better,” akin to the Misinfo Board led by Mary Poppins. Now, that’s real freedom for ya!

      2. Musk says it’s a free speech platform so you will still be free to post YOUR own version of “Fake News” let the public decide who’s fake or not. That’s what this country intended. Libs just don’t get free speech and debate. Fingers in ears, plugged, yelling “Lalalalalala” I only want to hear my own side! No surprise the Libs made up the saying of “It’s MY truth.” Screw facts or history. If they say it, it must be true, no debates! Colleges used to stand for debates and comparing issues and ideas. Now they shut down anyone who doesn’t Parrot lib speak. Which is an insult to Parrots everywhere, my own made up his own words here and there and thought quite independently of us at times.

    1. “letting intellectual arguments” First time I’ve heard the Twitter cesspool packaged in 240 word comments as “intellectual”. Got it.
      Best thing Musk can do is get a match and light it up.

      1. Apparently, you don’t visit TWTR for financial/macro discussion? They can be VERY intellectual. Some of the best voices/minds opine there. Btw Buzzy, ever heard of “threads?”

        1. No, I don’t get my financial information from Twitter. I’ve found it worthwhile to know who is offering opinions regarding money and investing. But, by all means, proceed with your approach to investment analysis. Maybe Ye can offer you some good tips as he appears to be back on.
          And, yes, I know what threads are.

      1. What do you mean Mel? Do you have a penchant for things like the Ministry of Info and their decrees set over the land? Being ruled by the King is great when the King rules with principles you like.

  3. All this talk about how Twitter censors viewpoints! I have to ask, if I were to post left leaning content on something like Truth Social, what would happen? Would I be shouted down? Banned?

    1. P.S. as for “shouted down”…heated debate is what created this country. Exchange of ideas you are left to agree or disagree with in the end. But not silenced and banned.

      1. This site, Truth Social, and other for-profit forums are extremely hypocritical when it comes to censorship. Money and politics always take precedence over principles. This site not only selectively censors and bans, it also employs 3rd party filtering of terms it doesn’t want you to write about while regularly wagging a finger about the evils of censorship … pointedly aimed at the other end of the political spectrum, of course.

        This site, like all politically motivated sites, claims to be for unfettered free speech without any limits while its anonymous funders/managers actively tip the scales of every discussion. Then the unpopular blowhards, when called out for their incivility and lies, whine that their unpopularity must be fraudulent. They don’t even know who they’re speaking to, nor what domestic or foreign agents are pulling the strings behind the curtain on each forum (for example: Fox isn’t American owned & managed).









        Of course the hypocrisy extends well beyond the forum owners. Why exactly are people gullible enough to believe that a handful of rich media owners are responsible arbiters of truth while constantly complaining about boogeyman “Mainstream Media”? It comes down to repetitive marketing and conditioning that the sheep follow the piper that tells them what they want to hear. Unfortunately now the uneducated masses can’t even tell fact from opinion. You think fringe outlets that let any uniformed idiots or unverified foreign agents barf out whatifs, conspiracy theories, propaganda, or outright lies are better than TV infotainment and lowest-common-denominator journalism? There was a time when reporters stated the facts, and backed them up with sources. Now the public and the forum owners are too lazy to require even the most basic fact checking and (in most cases) identity verification.

        Twitter will always be >75% opinion, and there is nothing Musk can or wants to do to correct it. He’s simply going to try desperately to monetize it harder to recover his lost investment.

    2. Truth Social is a joke. A red-neck’s padded room, a Trumpist’s wet dream, a right wing snowflake safe space,
      Of course you’d be banned!
      I lasted one post – a picture of Biden with the question “Is this the President?” Post removed within one hour and account banned same day.
      But Truth Social ppl is a perfect example of nominative determinism irony writ large. But I doubt the deplorables get the point.

  4. I found this article: https://naomiwolf.substack.com/p/opening-boxes-from-2019 by feminist and (former?) lefty Naomi Wolf to be an extremely honest, good look at the intolerance of the commie crowd and what happens if you stray from dogma. They will eat their own.

    I don’t know what Musk will do, nor do I use Twitter, but anything that pushes back against the truth-crushing echo chamber that passes for debate these days makes my heart a little lighter.

  5. I’m genuinely curious but how does someone buying a company mean that rights to free speech are “restored” when they were never taken away in the first place?

    1. You must have been snoozing when they took Trump’s rights away, and Babylon Bee, etc? When you cancel or ban someone then their free speech rights are taken away. I think a lot of rights to free speech were squashed by the old Twitter gang, I watched more than one right minded poster suddenly disappear.

      1. Except that their rights to free speech were never taken away MacRaven. Twitter isn’t the government. They can post whatever they want to and Twitter, as can any non-governmental entity, are free to remove it as they see fit.

      1. Then you were removed from the platform Sherm66. That is fully within Twitter’s rights to do. You still have your rights to free speech. What you don’t have is the ability to post on Twitter anymore.

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