Elon Musk has completed his deal with Twitter. After firing Twitter CEO Parag Aggarwal, reports reveal that Elon Musk will become the new CEO. As his first act, Elon Musk will reverse the lifelong bans previously issued by the company.
According to experts, Trump’s Twitter reinstatement is more likely than ever.
Musk also fired Twitter CFO Ned Segal and the head of legal policy Vijaya Gadde.
Elon Musk Makes Big Changes At Twitter HQ
As the Elon Musk era began on Twitter, the richest man on the planet unveiled many of his plans. His first decision was to announce the reversal of lifelong bans from the platforms. There has yet to be any formal announcement regarding the unbanning of former President Donald Trump. Musk has previously mentioned that he will unban Donald Trump. A statement claiming to be from Trump congratulating Musk was going viral on social media. However, it turned out to be fake news.
Musk claims that he wants to make Twitter a less restrictive platform. He claims that Twitter is being divided between far-left and far-right groups.
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He also plans to solve the bots issue that is plaguing the social media platform. Musk also claims that he will make Twitter open-source and publicly reveal its algorithm. Reports also highlight that Tesla engineers are taking a look at the Twitter source code. Some reports reveal that Twitter employees were locked out of their codebase and were unable to make any changes to it.
Many of the major platform users are thanking Elon Musk for bringing the changes. Twitter’s share will not be traded in the stock market on Friday. However, its share price is extremely close to the price of $54.20 per share offered by Musk. It is currently trading at $53.70.
Binance Contributes To Twitter Deal
Changpeng Zhou, the CEO, and founder of Binance reveals that he is contributing $500 million to the Elon Musk Twitter deal. Binance becomes the first crypto company to contribute to this deal.
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