Elon Musk‘s acquisition of Twitter (NYSE: TWTR) began on a brutal note on Thursday with the firing of its top executives with immediate effect. Musk fired Twitter CEO Parag Agrawal, CFO Ned Segal, and legal affairs and policy chief Vijaya Gadde, according to a Reuters report.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Musk tweeted after completing the $44 billion acquisition, “the bird is freed” in an apparent reference to the social media giant’s bird logo and Musk’s desire for free speech on the platform.
The billionaire further explained in another tweet that currently, there is a danger that social media could be split into “far right wing and far left wing echo chambers that generate more hate and divide our society.”
He added, “Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!”