Headline Roundup • October 28th, 2022
Elon Musk Formally Takes Over Twitter
Summary from the AllSides News Team
Elon Musk closed his $44 billion deal to take control of Twitter on Thursday and immediately implemented changes, including firing several top executives.
Key Quotes: "The bird is freed," Musk tweeted Thursday night, in reference to Twitter's signature blue bird logo.
For Context: CEO Parag Agrawal, CFO Ned Segal, head of legal, policy and trust Vijaya Gadde, and general counsel Sean Edgett all were fired. Gadde was in charge of some high-profile content moderation decisions, such as banning former President Donald Trump from the platform in early 2021 and censoring the New York Post's (Lean Right bias) article about Hunter Biden's laptop in late 2020. Musk agreed to buy Twitter in April before moving to cancel the deal over security concerns on the platform. Instead of going to trial over the dispute, Musk offered to complete the deal at the original asking price earlier this month.
How the Media Covered It: Left- and center-rated media focused more on uncertainty among Twitter users and employees about the future of the platform and rules for online speech. Some right-rated outlets focused more on framing the left's reaction to Musk's takeover as overly dramatic and highlighting voices who celebrated the news.
Featured Coverage of this Story
Sarah Grillo/Axios | Britta Pedersen-Pool/Getty Images
Twitter employees — including people in senior roles and those with lots of stock at stake — were left in the dark Thursday night as Elon Musk closed his deal to take over the company. They got the news on Twitter.
Why it matters: Employees have been through a wild ride over the past few months, being forced to continue operating a company without any assurance that their jobs or work would remain intact after the deal closed.
As of Thursday night, many Twitter employees hadn't received any sort of internal updates or communications about...
Billionaire industrialist Elon Musk took over Twitter Thursday night and immediately fired several top executives, sending shockwaves throughout the social media platform.
CEO Parag Agrawal, CFO Ned Segal and head of legal policy, trust, and safety Vijaya Gadde were all fired after Musk had accused them of misleading him and investors over the number of fake accounts on the platform, a source with knowledge of the matter told FOX Business.
Editor-in-chief of The Federalist Mollie Hemingway described the firings as "An excellent start" to Musk's tenure in a tweet.
Co-Host of Breaking Points...
Elon Musk is now leading Twitter, according to CNBC.
Two top Twitter executives, CEO Parag Agrawal and Chief Financial Officer Ned Segal, were also out, CNBC reported.
Musk first made his $44 billion offer to acquire the social media platform in April, then sought to pull out of the deal weeks later over concerns about its volume of fake and spam accounts. Twitter ultimately sued Musk for breaching the original agreement, and Musk countersued, alleging fraud.
The two sides had been scheduled to meet in a Delaware courtroom this month to...
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