Elon Musk, the richest man in the world, has closed a deal to acquire the acquisition of Twitter, a significant social media site.
On October 27, 2022, a $44 billion sale was finalized, and according to individuals familiar with the transaction, the platform would be privately owned by the billionaire.
Before the agreement, Musk and Twitter officials were in court after Musk had agreed to buy the platform in April this year but then backed out over worries about the amount of bots and accusations made by a whistleblower.
The billionaire, who is also the owner of the electric vehicle manufacturer Tesla, has now sacked Twitter’s CEO Parag Agrawal, CFO Ned Segal, and Head of Policy Vijaya Gadde.
The decision is anticipated to cause even more shockwaves throughout the organization, where many of its employees are already uncertain about their futures.
Elon Musk is anticipated to take over the organization as CEO and lift lifetime bans on users who had broken the platform’s rules, according to a Bloomberg story from October 28.
Donald Trump, a former US president, may be one of them since Musk thinks Twitter’s policy of permanent banning is unjust.
Employees that worked at Twitter operations in significant African nations are still unknown.
Under the leadership of its previous executives and founder, Jack Dorsey, the firm made the decision to broaden its presence within Africa around a year ago.