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Elon Musk has completed his takeover of Twitter and fired several top executives, hours before the end of court-imposed deadline, according to media reports.
Twitter’s CEO Parag Agrawal and CFO Ned Segal have left the company, with Elon Musk now in charge of operations, US media reported.
The 51-year-old billionaire had until October 28 to complete his $44 billion acquisition deal or risk facing a trial in November.
In April, Musk had expressed interest to buy the microblogging site, but later retracted his offer in May.
Musk has been meeting with Twitter employees this week and is expected to address them on Friday.
Meanwhile, the social media platform’s shares have been suspended from trading on Friday, according to the New York Stock Exchange’s website.
Earlier, Musk reasoned that he bought Twitter to help humanity and wanted “civilisation to have a common digital town square”.
There is currently great danger that social media will splinter into far right wing and far left-wing echo chambers that generate more hate and divide our society,” Musk further added.
Earlier this week, the world’s richest man tweeted a video of himself walking into Twitter’s headquarters in San Francisco carrying a kitchen sink with the caption, “Let that sink in!”
He also changed his Twitter profile to read “Chief Twit”.