Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty.
Wedbush analyst Dan Ives estimated that Musk and his investors overpaid. Even Musk has said the $44 billion price tag for Twitter was too high but that the company had great potential.
On Wednesday, he strolled into the company’s San Francisco headquarters carrying a porcelain sink and“Entering Twitter HQ — let that sink in!” Then on Thursday, he tweeted, “the bird is freed,” a reference to Twitter’s logo. Breton and Musk met in May and appeared in a video together in which Musk said he agreed with the 27-nation bloc’s strict new online regulations. Its Digital Services Act threatens big tech companies with billions in fines if they don’t police platforms more strictly for illegal or harmful content such as hate speech and disinformation.and making sometimes conflicting pronouncements about Twitter’s problems and how to fix them.
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Elon Musk Takes Control of Twitter; Reportedly Fires Key ExecutivesElon Musk has taken control of Twitter and reportedly fired a number of key people at the company. [...]
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Elon Musk takes control of Twitter and immediately ousts top executivesElon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company's general counsel, two people familiar with the deal said.
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