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Musk Said to Begin Firing Twitter’s Top Executives​

Some of Twitter’s top executives were fired on Thursday as Mr. Musk completes his takeover of the social media company.


Twitter’s offices in San Francisco on Thursday.

Twitter’s offices in San Francisco on Thursday.Credit...Jim Wilson/The New York Times

Twitter’s offices in San Francisco on Thursday.

By Kate Conger
Oct. 27, 2022, 8:42 p.m. ET
SAN FRANCISCO — Elon Musk has started cleaning house at Twitter with the firings of at least four top executives on Thursday, said two people with knowledge of the situation, as the billionaire closes his $44 billion takeover of the social media company.
The Twitter executives who were fired include Parag Agrawal, Twitter’s chief executive, Ned Segal, the chief financial officer, Vijaya Gadde, the top legal and policy executive, and Sean Edgett, the general counsel, said the people, who declined to be identified because they were not authorized to speak publicly.
At least one of the executives who was fired was escorted out of Twitter’s office, they said.
Mr. Musk faces a deadline of Friday to complete his deal to buy Twitter. It was unclear if he had closed the acquisition by the time the executives were fired. He arrived at the company’s headquarters in San Francisco on Wednesday and has been meeting with engineers and advertising executives.
The billionaire, 51, has promised to transform Twitter by taking it private, loosening the service’s content moderation rules, making its algorithm more transparent and nurturing subscription businesses, as well as laying off employees. Mr. Musk at one point tried to back out of the deal but recommitted to it this month as he faced legal challenges for trying to withdraw.

Mr. Musk, Mr. Agrawal, Mr. Segal, Ms. Gadde, Mr. Edgett and a Twitter spokeswoman did not immediately respond to requests for comment.
Mr. Agrawal, who was appointed Twitter’s chief executive last year, had clashed with Mr. Musk publicly and privately in recent months about the takeover. Mr. Musk had also singled out Ms. Gadde, criticizing her for her role in content moderation decisions at the company.
 

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Musk Completes Twitter Takeover
Musk Completes Twitter Takeover
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Elon Musk took control of Twitter and fired its top executives, U.S. media reported late Thursday, in a deal that puts one of the top platforms for global discourse in the hands of the world's richest man.

Musk sacked chief executive Parag Agrawal, as well as the company's chief financial officer and its head of legal policy, trust and safety, the Washington Post and CNBC reported citing unnamed sources.

Agrawal went to court to hold the Tesla chief to the terms of a takeover deal he had tried to escape.

The reports came hours before the court-appointed deadline for Musk to seal his on-again, off-again deal to purchase the social media network.

Musk tweeted on Thursday that he was buying Twitter "because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner."

The billionaire even shared a picture of himself socializing at a coffee bar at Twitter headquarters.

And the New York Stock Exchange posted a pending order to suspend trading in Twitter before Friday's session.


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- 'Chief Twit' -

Musk tried to step back from the Twitter deal soon after his unsolicited offer was accepted in April, and said in July he was canceling the contract because he was misled by Twitter over the number of fake "bot" accounts -- allegations rejected by the company.

Twitter, in turn, sought to prove Musk was contriving excuses to walk away simply because he'd changed his mind.

After Musk sought to terminate the sale, Twitter filed a lawsuit to hold Musk to the agreement.

With a trial looming, the unpredictable billionaire capitulated and revived his takeover plan.

Musk signaled the deal was on track this week by changing his Twitter profile to "Chief Twit" and posting a video of himself walking into the company's California headquarters carrying a sink.

"Let that sink in!" he quipped.

Musk said during a recent Tesla earnings call that he was "excited" about the Twitter deal even though he and investors are "overpaying."

- Twitter free-for-all? -

Some employees who would prefer not to work for Musk have already left, said a worker who asked to remain anonymous in order to speak more freely.

"But a portion of people, including me, are willing to give him the benefit of the doubt for now," the employee said of Musk.

The idea of Musk running Twitter has alarmed activists who fear a surge in harassment and misinformation, with Musk himself known for trolling other Twitter users.

But Musk said he realizes Twitter "cannot become a free-for-all hellscape where anything can be said with no consequences."

Musk has vowed to dial content moderation back to a bare minimum, and is expected to clear the way for former President Donald Trump to return to the platform.

The then-president was blocked due to concerns he would ignite more violence like the deadly attack on the Capitol in Washington to overturn his election loss.

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