New Delhi: After closing the USD 44 billion acquisition deal on Thursday, Elon Musk has began to reform the insurance policies of the micro-blogging platform and is losing no time reworking it by reducing off staff, and introducing plans for a council to find out content material choices, The Hill reported.
Regardless of doubting his intentions a number of occasions to comply with by means of with the USD 44 billion Twitter acquisition deal, Tesla CEO Elon Musk is now in command of Twitter. Relating to the adjustments in content material moderation insurance policies, Musk wrote in a tweet that “Twitter shall be forming a content material moderation council with broadly numerous viewpoints. No main content material choices or account reinstatements will occur earlier than that council convenes.”
In one of many first few adjustments, he purged the highest executives of the corporate as quickly as he closed the anticipated deal during which Twitter CEO Parag Agrawal and finance chief Ned Segal left the corporate’s San Francisco headquarters.
He additionally hinted that extra adjustments to the standing of accounts banned below earlier management are to return within the early days of his management, in keeping with The Hill.
The Tesla CEO additionally instilled suspicion amongst social media customers when he tweeted on his Twitter “Let the nice occasions roll” shortly after he acquired the social media platform and closed the deal.
Musk arrived on the Twitter headquarters earlier this week carrying a sink, and documented the occasion on Twitter, saying “Coming into Twitter HQ – let that sink in!” and likewise up to date his Twitter description to “Chief Twit.”
Coming into Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
He tweeted a video of him and described his go to as an expertise that he was attempting to “sink in” because the Tesla CEO has till the top of the week to both shut the Twitter deal or face a trial.
In April, Twitter accepted Musk’s proposal to purchase and take the social media service non-public. Nonetheless, Musk quickly started sowing doubt about his intentions to comply with by means of with the settlement, alleging that the corporate did not adequately disclose the variety of spam and pretend accounts on the service.
In July, in a stunning flip of occasions, Elon Musk who had lengthy been exhibiting his curiosity to purchase Twitter terminated the deal. The Tesla CEO did so by alleging that Twitter violated their mutual buy settlement by misrepresenting the variety of spam and pretend bot accounts on its platform.
After Musk put out the deal termination announcement, the market noticed a pointy decline. Later, Twitter sued Musk accusing him of utilizing bots as a pretext to exit a deal.
Once more, final week, Musk confirmed that he’ll transfer ahead with the Twitter buyout on the initially agreed value of USD 54.20 per share. Nonetheless, the Twitter deal authorized proceedings had been placed on maintain by a decide overseeing the dispute till October 28.