Elon Musk in a tweet said no decisions on content or reinstating of accounts will be made until a 'content moderation council' is put in place.
Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform.
But Musk, the tech guru and self-proclaimed"Chief Twit," has otherwise made contradictory statements about his vision for the company — and shared few concrete plans for how he will run it after buying it for $44 billion. Former President Donald Trump, an avid tweeter before he was banned, said Friday he was"very happy that Twitter is now in sane hands" but promoted his own social media site, Truth Social, that he launched after being blocked from the more widely used platform.
Meanwhile, conservative personalities on the site began recirculating long-debunked conspiracy theories, including about COVID-19 and the 2020 election, in a tongue-in-cheek attempt to"test" whether Twitter's policies on misinformation were still being enforced.He has criticized Twitter's dependence on advertisers, but made a statement Thursday that seemed aimed at soothing their fears.
The payment"will go down as one of the most overpaid tech acquisitions in the history of M&A deals on the Street, in our opinion," Ives wrote in a note to investors."With fair value that we would peg at roughly $25 billion, Musk buying Twitter remains a major head scratcher that ultimately he could not get out of once the Delaware Courts got involved."
The same day, Musk fired CEO Parag Agrawal, CFO Ned Segal and Chief Legal Counsel Vijaya Gadde. Sean Edgett, who had been Twitter's general counsel, confirmed on Twitter Friday that he's also out of a job, posting that the company is full of the most amazing people."Keep taking good care of this place, Tweagle," he added, referring to the company name for Twitter's legal department.
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