Connect with us

Tech News

Elon Musk bought Twitter, and here’s everything that happened next

Guest Author



Laura Normand / The Verge

Elon Musk is now the owner, CEO, and sole director of Twitter. His “Twitter 2.0” era has so far included mass layoffs and rapidly changing policy decisions.

Elon Musk owns Twitter. How’d we get here? On April 4th, we learned that Elon Musk had purchased enough shares of Twitter to become its largest individual shareholder. Eventually, he followed up with an unsolicited offer to buy 100 percent of Twitter’s shares for $54.20 each, or about $44 billion. Twitter accepted Elon Musk’s offer, but then things got weird because he tried to cancel the deal.

There was a lot of back and forth about bots and text messages, but in the end, Musk settled on buying the company rather than facing a deposition or Chancery Court trial and eventually strode into Twitter HQ carrying a sink.

Elon Musk began Twitter’s new era of private ownership by firing several executives — including previous CEO Parag Agrawal, CFO Ned Segal, and policy chief Vijaya Gadde — and, a week later, initiated mass layoffs, drastically cutting its workforce.

The first few weeks of Elon Musk’s Twitter have so far included mass layoffs, the firing of employees who criticized Musk publicly or privately, and hundreds of employees voluntarily accepting Musk’s offer of three months severance instead of the option of joining a new “extremely hardcore” version of Twitter.

Musk has also flip-flopped on paid verification, launching it just over a week after he took over, then putting it on pause after some high-profile impersonations. He then announced it was coming back on November 29th, before telling employees that the company might or might not launch it on that date.

On November 19th, Elon Musk announced that based on the results of a poll posted to his personal account, he’s reinstating the Twitter account of former president Donald Trump. The @realDonaldTrump account was suspended by Twitter on January 8th, 2021, following the January 6th mob attack on the US capitol.

Read on for the latest updates about what’s going on inside Twitter right now.

Tech Trends

Pin It on Pinterest

Share This