TECH billionaire Elon Musk has dubbed himself ‘Chief Twit’ as he officially takes over Twitter, according to reports.
Twitter’s former CEO Parag Agrawal and CFO Ned Segal have been fired as the heavily discussed Musk era is set to begin, sources close to the company reportedly said.
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CNBC reporter David Faber broke the news, claiming that sources told him Musk is “now in charge.”
Musk has also fired the head of legal policy, trust, and safety and Sean Edgett who belongs to the company’s general counsel, inside sources allegedly told The Washington Post.
The infamous billionaire has changed his Twitter bio to “Chief Twit,” as he recently issued a message explaining why he’s worked so hard to takeover the site.
“The reason I acquired Twitter is 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, without resorting to violence,” Musk tweeted.
“I didn’t do it because it would be easy. I didn’t do it to make more money.
“I did it to try and help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility.”
This comes as the public has been given a sneak peek into Twitter’s headquarters as Elon Musk was swarmed by employees and colleagues.
The trickster unexpectedly showed up at the office on Wednesday while carrying a sink, suggesting that his impending ownership is something that needed to “sink in.”
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On Thursday, American author Walter Isaacson snapped a photo inside the Twitter headquarters’ coffee bar.
In the photo, viewers can spot billionaire Elon Musk as he is speaking to a crowd of people.
The group of people, who are surrounding Musk, likely comprises Twitter employees and fellow colleagues.
Since the photo was shared at around noon eastern time, it has gone viral on Twitter, garnering more than 30,000 likes and hundreds of comments.
Isaacson’s photo comes just one day after Musk was seen carrying a sink into Twitter’s HQ.
The Tesla CEO tweeted the clip of him carrying the sink along with a pun: “Entering Twitter HQ – let that sink in!”
Isaacson’s photo also comes just one day before Twitter and Musk are expected to close their $44 billion deal.
Musk’s road to buying Twitter has been long and filled with tension as the billionaire, who offered to buy the company earlier this April, eventually backed out of the deal.
The SpaceX CEO cited issues with privacy and claimed that Twitter was lying about the number of bots and spam accounts active on the platform.
Twitter, in retaliation, sued Musk on July 12 in an effort to force the merger to go through.
The company argued that Musk violated his commitment to buy the company.
A few months later, the Delaware court system got involved, and now, the Tesla CEO is being legally forced to go through with the purchase.
The U.S. Sun has reached out to Twitter to comment on this recent acquisition.
‘Musk is overpaying’
Just earlier today, Dan Ives, an analyst at Wedbush Securities, told The U.S. Sun exclusively that the deal will “will go down as one of the most overpaid tech acquisitions in the history of M&A deals on the Street in our opinion.”
Ives said his company, a prominent LA-based investment firm, currently values Twitter at around $25 billion.
“With fair value that we would peg at roughly $25billion, Musk buying Twitter remains a major head-scratcher that ultimately he could not get out of once the Delaware Courts got involved,” Ives adds.
The ‘X’ app
Musk has been vocal about his plans for Twitter, even suggesting he might turn it into an everything app, like the China-based WeChat app.
WeChat lets users access a myriad of tools like audio and video chat, SMS text, WeChat Pay, and even a translator.
In Musk’s first town hall meeting with Twitter employees, he directly alluded to WeChat, Forbes reported.
“There’s no WeChat equivalent out of China,” he said at the meeting. “There’s a real opportunity to create that.”
Musk also noted that creating something like WeChat could help him reach his goal of quintupling Twitter’s user base to one billion.
“Once Musk takes over Twitter on Friday major questions will remain around changes to the platform, monetization efforts, headcount cuts on the horizon, and the long-term strategy around the “X” App,” Ives said
