Elon Musk Becomes Owner Of Twitter, Immediately Fires CEO And CFO

[adaseb]

I am pretty sure Parag is happy that he was let go because he has a $50 million dollar severance package. Pretty much he came out ahead. Especially if it wasn’t for Elon buying Twitter it would be worth less than $20 a share.

Why he fired them? Who knows. Most likely because it seems badly run. Look at all the political mess. And look at all the spam bots. Basically when certain keywords are mentioned the bots are going at it like crazy.

[Smack That Ace]

But the expulsion of three-quarters of the platform’s employees does not mean, in one way or another, the return of freedom of expression to it, given that the platform’s policies are determined by a board of directors.

Expulsion of old employees is nothing new, most of it happens in all companies and even in government departments. A mountain should have only one king and his followers, he doesn't need his opponents to stay there.

Today I heard in the media that Trump is happy to transfer the ownership of Twitter to Elon Musk, saying that the platform is in safe hands, as he put it. Earlier, Elon Musk had announced that he would cancel the ban on all banned accounts, and this may be the reason for Trump's declaration of a position in favor of him.

I also read this news, former president Trump congratulated Elon and twitter found the real leader. It has been reported that Elon will restore Trump's account but he has not confirmed whether he will return to twitter, as he is also running a private social network called truth. Twitter is considered the largest and most popular social network in the US, with this if the possibility of Mr. Trump returning to run for president, things will become very interesting.

[2stout]

I'm trying to understand why people are surprised by this.  Typically when ownership changes, leadership is replaced, so nothing new here.  Perhaps some animosity with them being escorted out by security, maybe.

[Bitstar_coin]

I'm trying to understand why people are surprised by this.  Typically when ownership changes, leadership is replaced, so nothing new here.  Perhaps some animosity with them being escorted out by security, maybe.

Well am not sure how typical that is, how many times have you seen a multi-billon company have a new owner and the CEO and CFO got fired immidiately. No doubt there will be some new changes of staffs and the over operations but not from the top most seats. I bet if things were moving in the right direction, this will not even be up for discussion.

[Flexystar]

We here on the forum making arguments over Elon Musk and his terminations, meanwhile those guys got fired but were compensated with 100 million dollars. 

They be like what the hell, retirements came in real early. Who cares if they were fired or not I was able to tweet anyways. Twitter has no more function than that.

That’s big cream layer up there and big thick base down there, better skip to the good part and keep tweeting.

[lovesmayfamilis]

It seems that Musk has seriously decided to change the system, changing the rules for banned accounts and getting rid of bots. The intrigue remains the blocked account of Donald Trump, whether he will be amnestied, we will see soon. However, it will be difficult for Musk to achieve freedom of speech as long as the EU requires all content to remain strictly moderated.

[Quidat]

Do you think the Tesla CEO made the right move by firing these top people in the company? There is no denying that Twitter has a lot of shot comings just like every other big platform out and needs some serious overhauling. There are so many complaints about bots and scams and those are the major area Elon intends to tackle. Hopefully, with this new ownership, we are going to see Twitter in a different state.

What are your thoughts?
 

Its his company now and he can do whatever he wants.If he do sees that he had been disappointed on what they had done in the past then pretty sure that you would really be having that revenge
once you do completely own the company.He wont really be that dumb on firing those top officers of Twitter if they havent done something wrong and now Elon is the owner now then he
does have the rights on what to do and its none of our business.Elon knows on how to run off a business and he would hire and fire on everyone he do likes.
He's the boss and people would be just following on what had been ordered.

[coupable]

But the expulsion of three-quarters of the platform’s employees does not mean, in one way or another, the return of freedom of expression to it, given that the platform’s policies are determined by a board of directors.

Expulsion of old employees is nothing new, most of it happens in all companies and even in government departments. A mountain should have only one king and his followers, he doesn't need his opponents to stay there.

The expulsion of 75 percent of the company's employees means the expulsion of thousands of workers who will find themselves without work, and the company will have to pay compensation to them in the millions of dollars. This process will create a real crisis, including the disruption of many services on the platform until the underemployment is compensated.
Originally, they did not enter into the platform's policies, which are controlled by a limited number of the board of directors.

Today I heard in the media that Trump is happy to transfer the ownership of Twitter to Elon Musk, saying that the platform is in safe hands, as he put it. Earlier, Elon Musk had announced that he would cancel the ban on all banned accounts, and this may be the reason for Trump's declaration of a position in favor of him.

I also read this news, former president Trump congratulated Elon and twitter found the real leader. It has been reported that Elon will restore Trump's account but he has not confirmed whether he will return to twitter, as he is also running a private social network called truth. Twitter is considered the largest and most popular social network in the US, with this if the possibility of Mr. Trump returning to run for president, things will become very interesting.

There is news confirming that Elon Musk will reopen Trump's account and lift the ban. Perhaps Musk is waiting for the right time to do this, because this will put him in the face of the US authorities, who want to completely remove Trump from political life.

[serjent05]

Do you think the Tesla CEO made the right move by firing these top people in the company? There is no denying that Twitter has a lot of shot comings just like every other big platform out and needs some serious overhauling. There are so many complaints about bots and scams and those are the major area Elon intends to tackle. Hopefully, with this new ownership, we are going to see Twitter in a different state.

What are your thoughts?
 

The reason behind the firing of the CEO and CFO is valid if that is true.  They were given a chance to retain their position but they got busted due to their poor knowledge about the operation and the misinformation.  It is also possible that Tesla CEO wanted to restructure the management of Twitter according to his needs.  Finding people on top to be incompetent, firing and replacing them with better people is the right move.

But the expulsion of three-quarters of the platform’s employees does not mean, in one way or another, the return of freedom of expression to it, given that the platform’s policies are determined by a board of directors.

Expulsion of old employees is nothing new, most of it happens in all companies and even in government departments. A mountain should have only one king and his followers, he doesn't need his opponents to stay there.

The expulsion of 75 percent of the company's employees means the expulsion of thousands of workers who will find themselves without work, and the company will have to pay compensation to them in the millions of dollars. This process will create a real crisis, including the disruption of many services on the platform until the underemployment is compensated.
Originally, they did not enter into the platform's policies, which are controlled by a limited number of the board of directors.

This may be harsh but sometimes it is unavoidable especially when there is a new owner of the company.  All the next course of a company is decided by the owner and the owner finds that 75% of the employee is just an extra bagage so in order to minimize the expenses of the company, the new owner decided to let them go.

[KingsDen]

He is right to fire them, if that is what will bring him the calm of spirit and perspective he hopes to obtain as the new owner. For security reasons too, he made the best decision, after all, let's not pretend to ignore the case he just had.
It won't take him long to replace them with his own persons of whom he believes he has more control over.
Let's hope that his new interest in Twitter, i.e., from space X and Tesla to social media won't have a resounding black lash anytime in the future and hope it ain't a long thought out ploy.

Elon didn't sack the CEO and CFO because of his personal interest or the interest of his business alone. He did that to have the resounding support of the public or to make us believe he came with new ideology to correct the wrong. There is no how we would have believed Elon's efforts if he retained the the two big officers.
As they were fired, the whole public has gotten some sense of change and the birth of a new twitter.
Elon is among the smartest humans I have read about.

[Smack That Ace]

There is news confirming that Elon Musk will reopen Trump's account and lift the ban. Perhaps Musk is waiting for the right time to do this, because this will put him in the face of the US authorities, who want to completely remove Trump from political life.

Like I said, a mountain has only one forest lord, they won't care who will be unemployed and who will be in crisis, they will focus on consolidating power and keeping only those who obey surname. And I believe Elon's Twitter acquisition has something to do with US politics and not simply Elon's hobby or business. Coincidentally, the deal was finalized before the upcoming US midterm elections. US politics is one of the harshest in the world, riots, fraud...

[tabas]

That's dope and badass. Well, he's now the new boss and owner and he can do whatever he wants, be it with operations, employees and as in everything from the management. With all of those political issues and there's a very big chance that he's building it up for the next election.
But the biggest one are those contents and tweets that are made about woke's political agenda. I've seen folks that are happy with his taking over and that issue is about to be solved by him and Twitter is going to be back on its form like it's for everyone and freedom.

[Bitstar_coin]

That's dope and badass. Well, he's now the new boss and owner and he can do whatever he wants, be it with operations, employees and as in everything from the management. With all of those political issues and there's a very big chance that he's building it up for the next election.
But the biggest one are those contents and tweets that are made about woke's political agenda. I've seen folks that are happy with his taking over and that issue is about to be solved by him and Twitter is going to be back on its form like it's for everyone and freedom.

Am struggling to understand your meaning of "there's a very big chance that he's building it up for the next election" What have political issues got to do with Twitter and the new management? Besides, I doubt Elon will allow Twitter to be politicized in that nature. Elon has his vision of how he wants Twitter to be managed, it has no specific interest in politics.

[Polkeins]

We here on the forum making arguments over Elon Musk and his terminations, meanwhile those guys got fired but were compensated with 100 million dollars. 

They be like what the hell, retirements came in real early. Who cares if they were fired or not I was able to tweet anyways. Twitter has no more function than that.

That’s big cream layer up there and big thick base down there, better skip to the good part and keep tweeting.

What is the reason to pay for these former top managers so much money? Did they lead the company to the pinnacle of financial success? The company ended 2021 with a loss of $220 million.

It seemed to me that Twitter and before the Mask was going to fire people because of poor financial performance. Yes, now the price of Twitter's shares looks good against the background of Meta, but it's still not clear why top managers are paid so much money especially against the backdrop of the dismissal of ordinary workers who are unlikely to be paid such generous bonuses.

[Shaha98]

Elon Marx currently owns the Twitter Company. Elon Musk I think it's too early to change Twitter's logo. Because it has already been discussed that the Twitter logo might change.



It appears that Elon Musk has let the bird out of the current Twitter avatar's cage. In this we can assume that there is definitely a possibility that the logo will change.

[Majestic-milf]

 Well, Elon has been known for his impulsive acts and spontaneous actions and as such his firing Parag and Ned Segal is quite necessary since their functions were to ensure the platform was free of spam and bots but looking at what actually caused his initial disinterest to continue the purchase, it looks like they failed. But where I still don't get is his firing of Vidiya Gadde, although she was responsible for the ban on Donald Trump's account. I guess this move is part of the #cleanupTwitter process.

 

[Kakmakr]

The trust relationship between them and Elon Musk was broken, before he bought the platform. (They even went to court to fight against him) So why should he keep them in the same positions, if they are working against him. 

I would have done the same thing, but I would have sat down with them and explained my actions and then I would have fired them. Twitter management made controversial decisions, that went against freedom of speech..and that is the main reason why Elon Musk fired them... they do not have his vision for what he wants to do with the platform. 

[NeuroticFish]

He really meant about freedom of speech and he is not joking. His declaration about twitter monetization is also important

Actually the freedom of speech part is the advertising to keep the people focused on something nice.
Meanwhile, in the background, the monetization is the important part. Firing staff, charging 20$ every month for those who want the "verified" mark are the first steps in that direction.
If anybody thought Elon buys Twitter do good for others, it's dreaming. He bought it as a business to earn him money.

[erep]

Actually the freedom of speech part is the advertising to keep the people focused on something nice.
Meanwhile, in the background, the monetization is the important part. Firing staff, charging 20$ every month for those who want the "verified" mark are the first steps in that direction.
If anybody thought Elon buys Twitter do good for others, it's dreaming. He bought it as a business to earn him money.

I don't believe that he's so rash changing everything for an update on twitter, should elon evaluate the progress for next year's roadmap without changing ground rules for users, I don't agree with the update about the $20 fee for wanting a "verified" sign, even though many people are declaring it's time to crypto twitter period but I'm not sure he will support his platform to be linked to pro-crypto unless he is concerned with his business needs. I hope that it's time for crypto social media to create big things in the future and my main hope is that he prioritizes social media services for all his users.

[el kaka22]

It is so sad that people started to use "freedom of speech" as a way of saying things that would be hurtful to others and consider it a freedom of speech. Just because you are free to say it, doesn't mean you should, there are nasty things that you could say to people that would not be acceptable in society, but allowed on twitter which is a weird dilemma.

If a famous celebrity came out and said "women are only good in kitchen, they shouldn't be acting, cook food and have sex with, that's all women are good for" then all of Hollywood would banish that actor and nobody would hire them ever again right? That's a wrong sentence that shouldn't be said right? Well on twitter you are "free" to say it, that's the problem, just because you are free to say it, doesn't mean it's an okay sentence to be tweeted.