Friday, October 28, 2022

Musk Bags Twitter


Elon Musk now owns Twitter, overnight closing a $44 billion deal that could have huge implications for the future of the social media app, especially if former U.S. President Donald Trump is allowed back on the platform.

Musk started as he meant to go on, by firing various executives including CEO Parag Agrawal and legal chief Vijaya Gadde (the official who guided the company’s policies on harmful speech, and whose team banned Trump after the January 6 Capitol riot).

Meanwhile, in a parallel universe, Mtea shares crashed 11% on the back of lousy results.



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